The Consumer Financial Protection Act of 2010 created the Consumer Financial Protection Bureau (CFPB).  ( 14 min )

The FY 2023 National Defense Authorization Act authorizes funding but does not appropriate funds for the U.S. military on an annual basis. The legislation is popular with both Democrats and Republicans and has never failed to pass.  ( 19 min )

These companies went bankrupt. Now they're even more profitable and successful. Here's how these 8 bankrupt companies came back.  ( 18 min )

Learning how to read your consumer credit report is vital, as it includes important information about your credit history.  ( 16 min )

Financial contagion is the spread of an economic crisis from one market or region to another and occurs at the domestic or international level.  ( 14 min )

Contango is a situation in which the futures price of a commodity is above the spot price.  ( 21 min )

A stop order is an order type that can be used to limit losses as well as enter the market on a potential breakout.  ( 21 min )

Window dressing occurs when a fund manager tweaks a fund or a business adjusts its accounting methods for appearance's sake.  ( 19 min )

Bill-and-hold basis recognizes revenue at the point of sale, with goods delivered at a later date.  ( 13 min )

A safe haven is an investment that is expected to retain its value, or even increase in value, during times of market turbulence.  ( 16 min )

While banks took more than $11.9 billion in loans through the new Bank Term Funding Program relief program, and even more through modified borrowing at the discount window.  ( 11 min )

The Temporary Liquidity Guarantee Program (TLGP) was created in 2008 to stabilize the U.S. banking system during the global financial crisis.  ( 15 min )

Capitalized interest is the cost of borrowing to acquire or construct a long-term asset, which is added to the cost basis of the asset on the balance sheet.  ( 18 min )

A brief history of banking from ancient Greece, Rome, and Egypt to the modern-day United States and the emergence of digital banking.  ( 21 min )

Product lifecycle management refers to the handling of a good as it moves through five typical stages of its lifespan, from development to decline.  ( 20 min )

In March 2023, Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation. Learn why this bank collapsed and what it means for you.  ( 18 min )

Learn how Venmo—one of the most popular apps in the peer-to-peer payments space—works, how much it charges, whether it's safe, and more.  ( 22 min )

(Bloomberg) -- Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCredit Suisse Investment Bank Said a Key Sticking Point in TalksCFA Revised Exam Cuts Study Time, Stresses Practical SkillsDeutsche Bank Eyes Some Credit Suisse Assets  ( 47 min )

(Bloomberg) -- 6 a.m. wake-up calls. Cancelled tennis dates. Anxious check-ins on bond prices while walking the dog.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCFA Revised Exam Cuts Study Time, Stresses Practical SkillsCredit Suisse Investment Bank Said a Key Sticking Point in TalksDeutsche Bank Eyes Some Credit Suisse AssetsThese are just some of the scenes of traders and money managers over the w  ( 48 min )

(Bloomberg) -- Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCFA Revised Exam Cuts Study Time, Stresses Practical SkillsCredit Suisse Investment Bank Said a Key Sticking Point in TalksD  ( 50 min )

The Swiss National Bank and regulator Finma now see UBS’s purchase as the only option to tame mounting woes at Credit Suisse, according to the Financial Times.  ( 23 min )

Here’s what you need to know about the turmoil at Switzerland’s second-largest bank by assets and what might happen next.  ( 27 min )

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Thousands of jobs are at risk in the City as regulators race to rescue one of the world's biggest banks before markets open on Monday morning.  ( 47 min )

(Bloomberg) -- Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Says He Expects to Be Arrested on TuesdayCFA Revised Exam Cuts Study Time, Stresses Practical SkillsDeutsche Bank Eyes Some Credit Suisse AssetsUBS to Explore Credit Suisse Deal in Crisis CombinationUBS Group AG and Swiss officials are racing to put together a deal for the firm to take over battered rival Credit Suisse Group AG this weekend as they seek to navigate thorny issues such as a gov  ( 48 min )

Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors...  ( 27 min )

(Bloomberg) -- For all the bank collapses, the plunging bond yields, the hammering in oil and mining stocks and day-in, day-out volatility, Adam Sarhan puts this week in the win column.Most Read from BloombergUBS Seeks Swiss Backstop in Any Credit Suisse DealCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationTrump Says He Expects to Be Arrested on TuesdayDeutsche Bank Eyes Some Credit Suisse AssetsWhy?“The stock market had every chan  ( 48 min )

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UBS is in talks to take over parts or all of Credit Suisse, part of an urgent effort by Swiss and global authorities to restore trust in the banking system.  ( 28 min )

Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, according to reports on Saturday.  ( 25 min )

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Homes are finally becoming more affordable for the average American again.  ( 49 min )

Reaching $1.5 million in retirement savings is doable. While this is a lot of money, it's well within reach for most incomes. As long as you start saving early – ideally in your 20's – and take advantage of market returns, … Continue reading → The post Is $1.5 million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 51 min )

Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.  ( 49 min )

Turns out wealth isn't always health.  ( 49 min )

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Buffett has reason to share wisdom with Steve Squeri: Berkshire Hathaway is the largest shareholder in American Express.  ( 23 min )

The $30 billion bet on First Republic — to prevent it from becoming the third bank to fail in less than a week — was pitched as a bulwark against future bank...  ( 26 min )

This has been a wild week in business.  ( 48 min )

Job postings on hiring website Indeed have been declining since early in 2022, but the slide has steepened over the past few months.  ( 23 min )

Dollar General said it plans to boost its quarterly disbursement to shareholders by 7%.  ( 23 min )

Six months ago, 75% of analysts covering shares of SVB Financial rated them Buy.  ( 23 min )

Moody's Investors Service downgraded its rating on First Republic Bank's credit to junk late Friday, citing a "deterioration in the bank's financial profile."  ( 24 min )

The last two weeks have seen the markets take a rollercoaster ride, that’s for sure. The sudden insolvency and failure of Silicon Valley Bank, and the Federal closures of Signature and Silvergate banks, have triggered worries of an old-fashioned bank run. An announcement by Credit Suisse, that it was having difficulty accessing capital, fed fears that even the major banking names would not be immune to contagion. President Biden and Treasury Secretary Yellen have made it clear that account holde  ( 48 min )

Beware the loop between share prices and depositor confidence. But sector watchers see a few stocks worth buying.  ( 23 min )

The estimated repurchase activity is in line with the $2.6 billion in the fourth quarter.  ( 23 min )

The nation's banking giants will be beneficiaries of the industry's turmoil. They have cheap stocks, and hefty dividend yields.  ( 37 min )

(Bloomberg) -- UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence, according to people with knowledge of the matter. Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosAnother Chaotic Week for Banks Marks the End of an Era for the Global EconomyIn New York City, a $100,000 Salary Feels Like $36,000CFA Revised Exam Cuts Study Time, Str  ( 48 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is op de valreep verlengd. Het gaat om een verlenging van 120 dagen, zegt de Oekraïense minister Oleksandr Kubrakov (Infrastructuur) zaterdag. Het Kremlin spreekt over een andere termijn.  ( 4 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is op de valreep verlengd. Het gaat om een verlenging van 120 dagen, zegt de Oekraïense minister Oleksandr Kubrakov (Infrastructuur) zaterdag. De verlenging liet lang op zich wachten, omdat de landen het maar niet eens werden over de looptijd.  ( 3 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is verlengd. Dat zegt de Turkse president Recep Tayyip Erdogan. De verlenging liet eerder op zich wachten, omdat de landen het niet eens werden over de looptijd.  ( 2 min )

De graandeal tussen Rusland en Oekraïne verloopt vandaag. De twee landen zijn het vooralsnog niet eens geworden over de duur van een eventuele verlenging. Het akkoord zorgt ervoor dat graan uit Oekraïne weer verhandeld kan worden.  ( 3 min )

Twitter gaat het algoritme waarmee het zijn gebruikers tweets aanbeveelt openbaar maken. De code die daarvoor wordt gebruikt, wordt op 31 maart "open source", twitterde eigenaar Elon Musk vrijdag.  ( 3 min )

Twitter gaat het algoritme waarmee het platform tweets aan gebruikers aanbeveelt, openbaar maken. De code die daarvoor wordt gebruikt wordt op 31 maart "open source", zei Elon Musk vrijdag in een tweet.  ( 3 min )

Een van de belangrijkste rentetarieven is donderdag weer verhoogd door de Europese Centrale Bank (ECB). Die hogere rente moet de inflatie afremmen, maar werkt nog op veel meer manieren door in de economie en jouw portemonnee. Hoe treft de hogere rente je huis, spaargeld, beleggingen en pensioen?  ( 8 min )

Researchers say about 200 banks could collapse if only half of customers with uninsured deposits withdraw their money in the wake of the tumult spurred by SVB's failure.  ( 1 min )

Large U.S. banks have seen a sharp increase in customer deposits and retail stock investment after trouble at regional banks.  ( 1 min )

U.S. equities sank on March 17, 2023, as renewed worries about the strength of banks continued to weigh on the markets.  ( 1 min )

News of the day for March 17, 2023  ( 1 min )

FedEx Corporation (FDX) is the best-performing stock in the S&P 500 after the package delivery firm beat quarterly profit estimates and raised its full-year guidance.  ( 1 min )

UBS Group (UBS) is in talks to acquire all or parts of Credit Suisse(CS), but neither company has confirmed the merger, Financial Times reported Friday.  ( 1 min )

SVB's parent company filed for Chapter 11 protection in a New York Court Friday.  ( 1 min )

First Republic Bank shares fell more than 30% Friday after a multibillion-dollar rescue deal orchestrated by the biggest U.S. banks failed to convince investors that the troubled lender is on solid footing.  ( 27 min )

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Reverse stock splits are generally done to give lagging share prices a boost.  ( 23 min )

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.  ( 48 min )

Jordan might sell the Charlotte Hornets to a consortium co-led by Gabe Plotkin, whose Melvin Capital lost big in the pandemic's meme-stock frenzy.  ( 47 min )

Many investors know that Warren Buffett says to be greedy when others are fearful. Well, right now, there’s plenty of fear in the banking sector, especially when it comes to regional banks. However, it can be hard to heed that advice in real time when you’re worried about a stock going to zero like Silicon Valley Bank or Signature Bank. Here’s where ETFs like the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) come in handy. The Appeal of Using an ETF in a Storm Investors can use ETFs like the SPDR  ( 49 min )

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UBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday.  ( 23 min )

After the bank’s $30 billion deposit rescue, investors are still struggling to figure out how to value the lender.  ( 25 min )

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First Republic is seeking to raise money from other banks or private-equity firms by selling new shares, the New York Times reported, citing people with...  ( 24 min )

A burst of U.S. exports to China is driving up charter rates for the world’s biggest crude tankers.  ( 26 min )

Microsoft stock gains as the collapse of Silicon Valley Bank and the popularity of OpenAI's ChatGPT drives investors to an established tech name.  ( 24 min )

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(Bloomberg) -- Two brutal weeks for banks have mostly scuttled hopes in markets that a US recession can be avoided. But a close read of the cross-asset landscape still finds investors unconvinced the stress portends a genuine financial crisis.Most Read from BloombergCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationUBS Seeks Swiss Backstop in Any Credit Suisse DealBlackRock Not Working on Rival Bid for Credit SuisseSchwab Clients Sh  ( 50 min )

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The Berkshire Hathaway CEO steered clear of bonds when rates were low and avoided much of the carnage that ensnares banks now.  ( 23 min )

Charles Schwab looked to reassure investors amid the crisis of investor confidence in bank stocks, saying it remained a 'safe port in a storm.'  ( 24 min )

Western Alliance Bancorp said late Friday the bank remains in strong position even though it saw outflows this week following the failure of Silicon Valley...  ( 23 min )

Aside from OPEC and any U.S. decision to refill the strategic petroleum reserve, the path of oil prices may depend on the banking turmoil.  ( 23 min )

(Bloomberg) -- Stock options worth hundreds of millions of dollars tied to failed lenders SVB Financial Group and Signature Bank are reaching expiration Friday with no certainty whether or how they can be cashed in.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpBanks Borrow $164.8 Billion From Fed in Rus  ( 48 min )

We ranked almost 50 separate CD accounts based on APYs, minimum deposit requirements, and more. Check out the accounts that made our top 10.  ( 62 min )

https://cdn.benzinga.com/files/images/story/2023/03/17/87cf1b69-078c-4adb-a86f-481c4d2e44e4.jpeg?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 The oldest investing advice on Wall Street is to buy low and sell high. But the problem is that you never know for sure where the lowest or highest prices are. Regardless of price, with real estate investment trusts (REITs), buying low can often mean purchasing a stock for life with a very high dividend yield. Will that high dividend yield soon disappea  ( 48 min )

(Bloomberg) -- Holed up in a Hyatt hotel room in the Caribbean, John McClain whipped out his laptop on Sunday afternoon and started trading bonds. This was supposed to be a family vacation for McClain but, with bank failures piling up and US authorities rushing to stem the panic, that was out now. He needed to overhaul the $2.4 billion portfolio he managed for clients at Brandywine Global Investment Management LLC, and overhaul it fast.Most Read from BloombergSchwab Clients Shift From Prime Fund  ( 50 min )

Analysts at Jefferies expect these real-estate investment trusts to keep increasing payouts through 2025.  ( 25 min )

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(Bloomberg) -- Mohamed El-Erian says the latest upheaval surrounding First Republic Bank will make banks rethink their standards and prepare for tougher regulation.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpBanks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity“You have had an accident on  ( 47 min )

(Bloomberg) -- Charles Schwab Corp. said customers added a net $16.5 billion to its funds in the past five trading days amid a turbulent week for US banks. Most Read from BloombergUBS Seeks Swiss Backstop in Any Credit Suisse DealCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationBlackRock Not Working on Rival Bid for Credit SuisseSchwab Clients Shift From Prime Funds to Government PortfoliosThose “strong inflows” reflect Schwab’s fi  ( 47 min )

Ford Motor Co. has issued a recall of 343 Bronco Wildtrak and Raptor vehicles.  ( 24 min )

Parts of big tech can look pretty defensive—especially relative to shakier regional banks or cash-hungry start-ups.  ( 23 min )

Meta is pushing AI as the solution to its lagging ad sales and Wall Street's metaverse wariness.  ( 47 min )

Biden calls on Congress to offer regulators more latitude in clawing back executive compensation from the leadership of failed banks.  ( 47 min )

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It’s taken a while, but the miner’s shares, a Barron’s pick, have finally started doing what we thought they would—and it isn’t too late to buy.  ( 23 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpIn New York City, a $100,000 Salary Feels Like $36,000First Republic Set  ( 47 min )

Nvidia's valuation "has moved to the stratosphere on near-term numbers," but Morgan Stanley still sees the stock as an attractive way to play chip stocks.  ( 24 min )

The Silicon Valley Bank bailout highlights the potential need for a dramatic overhaul of the U.S. deposit-insurance system and banking regulations more broadly.  ( 25 min )

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‘It seems they put a high price target to generate interest in the IPO.’  ( 28 min )

Both stocks are up significantly so far this year, though whether those gains can hold is another matter.  ( 11 min )

Profits could slide as bankers boost liquidity by trimming lending, but dividends look secure unless a major recession strikes.  ( 23 min )

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Bearish sentiment continues to dominate the oil market, putting oil prices on course for a more than 10% weekly loss.  ( 48 min )

SoFi CEO Anthony Noto is continuing his buying spree, scooping up another $240,000 worth of the financial-technology company's stock Thursday.  ( 24 min )

The National Highway Transportation Administration listing affects 1,280,726 Ford Fusion and Lincoln MKZ vehicles.  ( 23 min )

https://cdn.benzinga.com/files/images/story/2023/03/17/meta-logo.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 Meta Platforms, Inc (NASDAQ: META) initiated job cuts as planned, starting with 1,500 recruiting and human resources employees. During an internal meeting with employees, CEO Mark Zuckerberg informed employees that the economic climate of layoffs and restructuring could last “many years,” Bloomberg reports citing familiar sources. Meta explained the first wave of cuts to the execu  ( 46 min )

Savvy investors can win on their trades whether the market goes up or down, and no one knows this better than Michael Burry. Burry, whose successes in profiting from the financial crisis of 2008 were featured in the book and film The Big Short, has turned his eye to historical analogies, and is hinting at reasons for optimism in today’s environment following last week’s collapse of Silicon Valley Bank. Referring back to the October bank panic of 1907, Burry notes certain similarities with today’  ( 49 min )

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American Airlines' stock has tumbled enough in the past week, that long-time bearish analyst Scott Group at Wolfe Research said it was time to stop selling.  ( 25 min )

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The Chinese EV market is oversupplied. It's giving investors a chance to see what will happen to Tesla in the U.S. when more EV capacity comes online.  ( 23 min )

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THe FDA said it is seeking input from a panel of independent experts on whether to approve a gene therapy for Duchenne muscular dystrophy.  ( 23 min )

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Although 65 is a conventional retirement age, reaching this point with $2 million is quite a feat. This sum can generate investment and interest income to support you well in the decades to come. However, saving this amount takes effort. … Continue reading → The post Is $2 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 50 min )

Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.  ( 48 min )

Early retirement is a great goal for many. But to be able to retire early and comfortably, you're going to need a nest egg. How much you need depends on how you answer a few questions: What's your average cost … Continue reading → The post Is $3 Million Enough to Retire at 50? appeared first on SmartAsset Blog.  ( 50 min )

Time to hit those spreadsheets.  ( 46 min )

Stock futures were lower on Friday after markets staged a huge rally Thursday on news some of the country's biggest banks would band together to help stabilize struggling lender First Republic.  ( 48 min )

Intel seems trapped in a range, and the ETFs continue to trade beneath important moving averages.  ( 11 min )

Can this trend continue?  ( 10 min )

General Electric cites poor returns and earnings performance for the decision, though $146 million in shares could still come Larry Culp’s way in 2024.  ( 27 min )

Last week saw the largest five-day stretch of outflows from digital-asset investment products on record, involving some 1% of assets under management.  ( 23 min )

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(Bloomberg) -- Investors rushed back into risk assets amid Thursday’s stock market rebound, pouring $7.3 billion in a single day into the biggest ETF tracking US equities.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosIn New York City, a $100,000 Salary Feels Like $36,000Another Chaotic Week for Banks Marks the End of an Era for the Global EconomyHow First Republic Bank Received a $30 Billion LifelineTech Logs Best Week in 2023 as Bank Stocks Tremble: Marke  ( 46 min )

Is the government doing more harm than good?  ( 48 min )

Both are interesting candidates for the portfolios of income-oriented investors.  ( 23 min )

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Shares of XPeng Inc. dropped 2.8%% in premarket trading Friday, after the China-based electric vehicle maker reported fourth-quarter losses that were wider...  ( 23 min )

Something broke after all those rate hikes. Here's what Morgan Stanley's European strategist advises now.  ( 25 min )

Market mood is calmer at end of turbulent week but a prominent hedge fund manager warns the government must do more to support the banking sector.  ( 26 min )

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The Chinese EV market is oversupplied. It's giving investors a chance to see what will happen to Tesla in the U.S. when more EV capacity comes online.  ( 23 min )

Bold words from an OG banking analyst.  ( 47 min )

(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett — one of the most bearish voices on Wall Street last year — says investors should sell any rally in stocks as fund flows don’t yet reflect deep enough concern about a looming recession.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosIn New York City, a $100,000 Salary Feels Like $36,000How First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpAnother  ( 47 min )

Taken one by one, it might be reasonable to downplay the events of the past week.  ( 50 min )

Survey reveals 1 in 3 Americans didn't discuss finances before marriage — and many wish they had.  ( 50 min )

The San Francisco lender is under scrutiny by uninsured depositors across the banking system.  ( 26 min )

Bitcoin and Ether rallied by the end of Asian trading hours on Friday afternoon, together with all other top 10 non-stablecoin cryptocurrencies by market capitalization.  ( 46 min )

The company flags higher flat-rolled steel demand in North America, an indicator of strong activity from manufacturers.  ( 23 min )

Activist investor Bill Ackman warned the big banks' intervention only served to spread the risk of contagion.  ( 23 min )

(Bloomberg) -- First Republic Bank shares fell again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street’s biggest banks.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpHow Dimon and Yellen Helped Secure  ( 47 min )

A consortium of the biggest U.S. banks agrees to make uninsured deposits totaling $30 billion in beleaguered First Republic Bank, quarterly earnings at FedEx easily top analysts' estimates, and United States Steel issues better-than-expected first-quarter guidance.  ( 23 min )

(Bloomberg) -- US equity-index futures were steady on Friday and Treasuries gained, capping a tumultuous week for global markets amid lingering concern that the financial turmoil which has roiled bonds and stocks is not over.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Are Said to Oppose Idea of Forced Tie-UpHow Dimon and Yel  ( 50 min )

(Bloomberg) -- Oil headed for the biggest weekly loss this year after banking turmoil rippled across global markets, with investors watching for a potential response to the rout from OPEC and its allies.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Are Said to Oppose Idea of Forced Tie-UpHow Dimon and Yellen Helped Secure $30  ( 48 min )

It’s taken a while, but the miner’s shares, a Barron’s pick, have finally started doing what we thought they would—and it isn’t too late to buy.  ( 23 min )

(Bloomberg) -- Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000Schwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 Salary Goes the Furthe  ( 46 min )

Bitcoin neared the US$25,000 mark on Friday morning in Asia. Cryptocurrencies gained as the U.S. and Europe moved to backstop troubled banks with cash.  ( 48 min )

Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don’t go up — you still make money (from the dividend). Heck, even when a dividend stock goes down in price, it’s not all bad news, because the dividend yield (the absolute dividend amount, divided by the stock price) gets richer the more the stock falls in price. Knowing all this, wouldn’t you like to find great dividend stocks? Of course you would. Wall Street analysts have chim  ( 49 min )

An 11-bank plan to save regional lender First Republic began with a brainstorming session between JPM CEO Jamie Dimon, Fed chair Jerome Powell and Treasury secretary Janet Yellen.  ( 48 min )

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A digital wallet is an application on an electronic device that stores payment information and allows you to securely make purchases without carrying cash or cards.  ( 18 min )

Apple Pay and Google Wallet are nearly identical in what they can do. Apple's mobile wallet may be to be easier to use, but Google's has more features.  ( 18 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 11 min )

Federal withholding rules are consistent and Social Security and Medicare are also withheld at the federal level, but state withholding rules vary.  ( 16 min )

UBS Group (UBS) is in talks to acquire all or parts of Credit Suisse(CS), but neither company has confirmed the merger, Financial Times reported Friday.  ( 11 min )

Private mortgage insurance (PMI) is costly, and the coverage only protects your mortgage lender, not you. Here are six reasons you should avoid PMI.  ( 17 min )

U.S. equities sank on March 17, 2023, as renewed worries about the strength of banks continued to weigh on the markets.  ( 11 min )

Here are some instances when it's wise to take money out of this tax-free investment account.  ( 17 min )

A market-on-close (MOC) order is a non-limit order that is executed as close to the end of the market day as possible.  ( 14 min )

The president said Congress should give the FDIC more power to take back gains from stock sales and compensation for executives at failed banks taken over by regulators.  ( 11 min )

Take a look at several of the most prominent financial crises of the 21st century, and understand why the Great Recession was a truly remarkable contraction.  ( 19 min )

You can't roll a traditional IRA into a 529 plan without paying taxes, but there are better options to help cover higher-education expenses.  ( 18 min )

Rates on 30-year mortgages shed a single basis point, leaving the flagship average at its lowest point since Valentine's Day.  ( 12 min )

Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.  ( 19 min )

The 30-year mortgage average dropped an eighth of a point, dipping to its lowest level in four weeks.  ( 12 min )

Before using your home as loan collateral, consider both your financing needs and your appetite for uncertainty.  ( 26 min )

Researchers say about 200 banks could collapse if only half of customers with uninsured deposits withdraw their money in the wake of the tumult spurred by SVB's failure.  ( 11 min )

IRA account holders receive Form 5498 which includes information about their contributions, rollovers, Roth conversions, and required minimum distributions.  ( 17 min )

IRAs and annuities are both retirement savings tools, but they have differences you need to know—especially if you want to house one inside the other.  ( 21 min )

FedEx Corporation (FDX) is the best-performing stock in the S&P 500 after the package delivery firm beat quarterly profit estimates and raised its full-year guidance.  ( 11 min )

A gauge of consumer sentiment fell for the first time in four months in March, even before the financial turmoil caused by the collapse of Silicon Valley Bank and Signature Bank.  ( 10 min )

Large U.S. banks have seen a sharp increase in customer deposits and retail stock investment after trouble at regional banks.  ( 11 min )

In bankruptcy, shareholders may be entitled to a portion of the company's liquidated assets, but the stock will be worthless.  ( 18 min )

Not every moment is a good trading opportunity. Put each trade through this five-step test.  ( 20 min )

The CFPB is asking consumers to share their experiences with companies that collect personal information to evaluate if their practices are illegal and to bring new rules.  ( 12 min )

The five Cs of credit are character, capacity, collateral, capital, and conditions. The five Cs of credit are important because lenders use them to set loan rates and terms.  ( 22 min )

Basel IV is the informal name for a set of proposed international banking reforms building on the Basel I, Basel II, and Basel III accords.  ( 18 min )

PMI, or private mortgage insurance, is required when a homebuyer puts down less than a 20% down payment. Learn about some ways to avoid paying this fee.  ( 16 min )

An index fund is a pooled investment vehicle that passively seeks to replicate the returns of some market indexes.  ( 19 min )

The shadow banking system refers to financial intermediaries that fall outside the realm of traditional banking regulations.  ( 19 min )

SVB's parent company filed for Chapter 11 protection in a New York Court Friday.  ( 10 min )

An emergency student loan can cover unexpected expenses, but getting one is not the same as with a standard student loan. Learn how, and where, to get an emergency student loan.  ( 14 min )

Multi-unit new builds accounted for the majority of the growth, jumping 24.1% from January.  ( 12 min )

A silent bank run is when a bank's depositors withdraw funds in large volumes without physically entering the bank. Learn what causes a silent bank run.  ( 16 min )

Fidelity has extended its crypto trading service to retail customers and could benefit from recent bank turmoil.  ( 11 min )

News of the day for March 17, 2023  ( 11 min )

Tax efficiency is when an individual or business pays the least amount of taxes required by law.  ( 17 min )

BlackBerry's history of success and failure is demonstrated by extreme volatility in its stock price. Investopedia explores the reasons why.  ( 17 min )

A negotiation is a strategic discussion that involves two or more parties to resolve an issue in a way that each party finds acceptable.  ( 16 min )

De Zwitserse bank UBS voert gesprekken met Credit Suisse over een volledige of gedeeltelijke overname van de geplaagde bank. Dat meldt de Britse zakenkrant Financial Times op basis van bronnen met kennis van de gesprekken.  ( 4 min )

Gerard Sanderink is per direct geschorst als topman van bouwbedrijf Strukton en ingenieursbureau Oranjewoud. Sanderink kan geen beslissingen meer nemen namens de genoemde ondernemingen, schrijven ze in een verklaring.  ( 3 min )

Het kabinet gaat luchthavens CO2-plafonds opleggen. Dat moet garanderen dat de vliegvelden hun uitstoot terugbrengen. Dat meldt minister Mark Harbers (Infrastructuur) vrijdag aan de Tweede Kamer.  ( 3 min )

Het Amerikaanse chemiebedrijf Dow schrapt wereldwijd tweeduizend banen. Bij de Nederlandse vestigingen in Terneuzen, Dordrecht en Delfzijl verliezen daardoor 127 medewerkers hun baan.  ( 2 min )

De gemeente Deventer gaat overtredingen van bijvoorbeeld het bestemmingsplan opsporen met drones. Zo kan ze controleren of inwoners zich aan de regels houden op lastig bereikbare plekken als daken.  ( 3 min )

Een aantal smartphonemodellen van Samsung, Google en de Chinese fabrikant Vivo kunnen op afstand overgenomen worden. Daarvoor waarschuwt Google vrijdag. Aanvallers hebben alleen het telefoonnummer van het slachtoffer nodig om de smartphone te hacken.  ( 3 min )

Het UWV heeft vrijdag in 2,5 uur tijd 40.000 aanvragen voor het opleidingsbudget STAP ontvangen. Daarmee was om 12.30 uur het volledige budget van 34 miljoen euro op. Veel mensen vissen daardoor achter het net.  ( 3 min )

De toezichtraad van de Europese Centrale Bank (ECB) komt vrijdag ongepland bijeen om te praten over de Europese bankensector. Daar nam de nervositeit toe na het faillissement van twee banken in de Verenigde Staten: Silicon Valley Bank (SVB) en Signature Bank. Ook zijn er bij beleggers grote zorgen over het Zwitserse Credit Suisse.  ( 4 min )

Deze winter geeft NU.nl je regelmatig een overzicht van de ontwikkeling van de gasprijs, het gasverbruik en de vulling van de gasopslagen in Nederland. Dit zijn de cijfers van de afgelopen week in drie grafieken.  ( 4 min )

De digitale wachtrij voor de aanvraag van het STAP-budget telde enkele minuten na de opening van het loket al zo'n 250.000 wachtenden, meldt uitvoeringsinstantie UWV.  ( 3 min )

Een aantal smartphonemodellen van Samsung, Google en de Chinese fabrikant Vivo kunnen op afstand overgenomen worden. Daarvoor waarschuwt Google vrijdag. Aanvallers hebben alleen het telefoonnummer van het slachtoffer nodig om de smartphone te hacken.  ( 3 min )

De toezichtraad van de Europese Centrale Bank (ECB) komt vrijdag ongepland bijeen om kwetsbaarheden te bespreken in de Europese bankensector. Daar nam de nervositeit de afgelopen week toe na het faillissement van twee banken in de Verenigde Staten, Silicon Valley Bank (SVB) en Signature Bank. Ook waren er bij beleggers grote zorgen over het Zwitserse Credit Suisse.  ( 4 min )

De digitale wachtrij voor de aanvraag van het STAP-budget telde enkele minuten na de opening van het loket al zo'n 250.000 wachtenden, meldt uitvoeringsinstantie UWV.  ( 3 min )

EA SPORTS voegt in de aanloop naar de Dag tegen Racisme en Discriminatie op dinsdag 21 maart de OneLove-campagne toe aan het spel FIFA 23. Gamers kunnen een speciaal tenue vrijspelen en hun stadion voorzien van OneLove-uitingen.  ( 3 min )

Starters op de woningmarkt zijn door stijgende hypotheekrentes een steeds groter deel van hun inkomen kwijt aan hypotheeklasten. Bijna 33 procent van hun besteedbaar inkomen gaat naar hun hypotheek. Dat is meer dan ooit, zeggen onderzoekers van ING.  ( 4 min )

De gesloten Toyota-fabriek in Sint-Petersburg wordt mogelijk overgedragen aan het Russische staatsbedrijf NAMI. De Japanse autofabrikant wil net als Renault en Nissan van zijn Russische productielocatie af.  ( 3 min )

Elf van de grootste Amerikaanse banken trekken samen op en investeren 30 miljard dollar (28 miljard euro) om de regionale First Republic Bank uit de problemen te helpen. Die bank dreigde ook slachtoffer te worden van onrust in de bankensector.  ( 4 min )

Het is weer mogelijk om een tegemoetkoming van 1.000 euro in de studiekosten aan te vragen. De problemen bij het subsidieportaal waar het budget aangevraagd kan worden zijn opgelost. Het loket gaat om 10.00 uur weer open.  ( 4 min )

U.S. equities indexes moved higher on March 16, 2023, as a group of banks pledged billions to come to the rescue of First Republic Bank (FRC).  ( 1 min )

Shares of First Republic Bank (FRC) plunged Thursday on a report the struggling regional bank is exploring strategic options, including a sale, and as S&P Global Ratings and Fitch Ratings cut their ratings on its bonds to junk.  ( 1 min )

News of the day for March 16, 2023  ( 1 min )

Ailing First Republic Bank got a $30 billion lifeline from eleven of the nation's biggest banks including JPMorgan, Citigroup, Wells Fargo and Bank of America.  ( 1 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 11 min )

In Senate testimony, U.S. Treasury Secretary Janet Yellen expressed confidence in the integrity of the banking system after recent bank failures.  ( 10 min )

U.S. equities indexes moved higher on March 16, 2023, as a group of banks pledged billions to come to the rescue of First Republic Bank (FRC).  ( 10 min )

Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.  ( 19 min )

The nonfarm payroll (NFP) report is a key economic indicator in the United States and affects trading and volatility in the foreign exchange market.  ( 19 min )

The Stock Market Crash of 1929 was the start of the biggest bear market in Wall Street's history and signified the beginning of the Great Depression.  ( 17 min )

If you’ve been making only the minimum student loan payments, then you might not be in any rush to pay them off. But if you don’t want to spend a couple decades paying off your student debt, here are some tips to fast track your progress.  ( 16 min )

Learn about the market risk capital rule enacted by the Federal Reserve, and understand how it reflects Basel III international banking regulations.  ( 15 min )

A bailout is an injection of money from a business, individual, or government into a failing company to prevent its demise and the ensuing consequences.  ( 19 min )

Ailing First Republic Bank got a $30 billion lifeline from eleven of the nation's biggest banks including JPMorgan, Citigroup, Wells Fargo and Bank of America.  ( 12 min )

A receivership is a court-appointed solution that can assist creditors to recover funds in default and help troubled companies to avoid bankruptcy.  ( 17 min )

Dedication strategy is an asset management method by which the expected returns on an investment portfolio are matched with estimated future liabilities.  ( 12 min )

Squeezes are business and investing situations when borrowing is difficult or when profits decline due to increasing costs or decreasing revenues.  ( 17 min )

When company files for Chapter 7 or Chapter 11 bankruptcy, investors may receive little or nothing, depending on their type of investment.  ( 19 min )

Learn which types of business accounts are insured by the FDIC and find out how much of the deposits made by a business are covered by the FDIC.  ( 15 min )

Federal deposit insurance covers 401(k) plan assets only in very limited circumstances. Here is how to tell if you're covered.  ( 16 min )

If your mortgage lender goes bankrupt, you do still need to make your mortgage payments. However, your loan will likely be sold to another company.  ( 16 min )

FDIC has clients with less than $250,000 in their accounts covered; when deposits over that amount will be accessible is unclear.  ( 12 min )

The FDIC protects certain individual retirement accounts, but only if they contain banking products like CDs and money market accounts.  ( 17 min )

Moving money from stocks and bonds to cash within your IRA isn't taxable.  ( 16 min )

The value-chain analysis looks at each production step and identifies ways to increase the efficiency of the value chain and reduce costs.  ( 16 min )

Scalpers can profit in today's electronic trading environment by using technical indicators that are custom-tuned to very small time frames.  ( 16 min )

Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.  ( 17 min )

Liquidate means to convert assets into cash or cash equivalents by selling them on the open market.  ( 20 min )

Entrepreneurship is important to the economy for a number of reasons, including creating jobs and promoting social change.  ( 18 min )

Amid fervent protests from citizens and lawmakers, French President Emmanuel Macron unilaterally changed the retirement age Thursday. See how it compares to other countries.  ( 12 min )

Shares of First Republic Bank (FRC) plunged Thursday on a report the struggling regional bank is exploring strategic options, including a sale, and as S&P Global Ratings and Fitch Ratings cut their ratings on its bonds to junk.  ( 11 min )

Ten investors poured more than $16 million into two private cryptocurrency funds run by Cathie Wood's ARK Investment.  ( 11 min )

Despite concerns about a possible banking contagion following the collapse of two U.S. banks, the European Central Bank (ECB) boosted interest rates by 50 basis points (bps), saying "inflation is projected to be too high for too long."  ( 10 min )

Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial industry regulation.  ( 15 min )

Rates on 30-year mortgages climbed modestly, reversing a two-day decline that had taken the average to a four-week low.  ( 13 min )

Learn how an open short position for an investor is affected when a company gets delisted and declares bankruptcy.  ( 17 min )

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a series of federal regulations passed to prevent future financial crises.  ( 23 min )

The U.S. asks TikTok’s Chinese parent company ByteDance to sell its stake in TikTok or face a possible ban in the country.  ( 11 min )

News of the day for March 16, 2023  ( 11 min )

The move will help Credit Suisse shore up liquidity and offer some confidence to investors after its shares took a beating Wednesday.  ( 11 min )

First Republic Bank received $30 billion in bailout money from a variety of other banks, including Morgan Stanley and PNC Bank who might offer to purchase FRB.  ( 48 min )

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Silicon Valley is getting a reset -- some could also call it a comeuppance -- after the past 12 to 13 years of insane growth, often irresponsible spending,...  ( 29 min )

Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a Republican proposal for the U.S. to prioritize its debt payments in the event of a default is viable. The U.S. bumped up against the federal debt limit in January, forcing the Treasury to start taking “extraordinary measures” to make its payments. Absent an increase or suspension in the federal debt limit, the Treasury could be unable to meet its obligation  ( 47 min )

(Bloomberg) -- Charles Schwab Corp. was hit with $8.8 billion in net outflows from its prime money market funds this week as investors scrutinized the brokerage’s resilience amid questions about the health of the wider financial industry.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestNew Fe  ( 48 min )

General Electric CEO Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday.  ( 21 min )

The more you look, the more likely you are to invest in lottery-type stocks, writes Mark Hulbert.  ( 26 min )

Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.  ( 19 min )

(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestNew Fed Bank Backstop Has Scope  ( 48 min )

Lumen is offering to conduct a debt exchange in what one analyst sees as an attempt to "fight it out" amid growing doubts about the telecommunications company.  ( 21 min )

Nikola Corp. said late Thursday it is moving its battery manufacturing from Cypress, Calif., to its Coolidge, Ariz., plant, with the move expected to be...  ( 23 min )

Dividend-paying stocks are consistent, defensive and tend to outperform over time, writes Michael Brush.  ( 21 min )

Regulators handling the 2023 bank failures can improve on the mistakes that made the 2008 bailouts so hated.  ( 49 min )

U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday,...  ( 21 min )

CEO Walt Bettinger paid $2.97 million to buy 50,000 shares at an average price of $59.31.  ( 23 min )

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Bankman-Fried and his inner circle collectively received roughly $3.2 billion in payments and loans, court documents have revealed.  ( 47 min )

Wall Street is looking for a per-share loss of about 16 cents from $950 million in sales for the 2022 fourth quarter.  ( 23 min )

(Bloomberg) -- With Credit Suisse Group AG having wobbled this week and a handful of regional US banks collapsing, company executives are getting more concerned about where they can safely keep their cash.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000Schwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 S  ( 50 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers praised European Central Bank President Christine Lagarde for raising interest rates by a half percentage point Thursday and said the Federal Reserve should follow with its own, smaller, move next week.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary G  ( 47 min )

(Bloomberg) -- The “banking crisis is over,” Odeon Capital analyst Dick Bove said after reports that the nation’s largest private banks will provide $30 billion in liquidity to stabilize First Republic Bank.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestRyan Reynolds-Backed Mint Is Bought b  ( 47 min )

A group of Wall Street’s largest lenders were on Wednesday night preparing to prop up crisis-hit Californian lender First Republic in a $30bn deal as the fallout from the collapse of Silicon Valley Bank continued.  ( 47 min )

New AI software could revolutionize Office apps, but stakes are much higher.  ( 25 min )

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Amid fervent protests from citizens and lawmakers, French President Emmanuel Macron unilaterally changed the retirement age Thursday. See how it compares to other countries.  ( 13 min )

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Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.  ( 17 min )

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https://cdn.benzinga.com/files/images/story/2023/03/16/elon_musk_at_a_press_conference.jpg?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 Benzinga Amid Thin Twitter Safety Staff, Elon Musk Frets Over Microsoft Reportedly Axing AI Ethics Team Elon Musk fusses over Microsoft Corporation (NASDAQ: MSFT), reportedly firing its AI Ethics and Society team amid concerns about the reduced Twitter workforce. Musk reacted to a news report about Microsoft slashing its Ethics and Society team within the art  ( 49 min )

The EV infrastructure provider it will sell up to 41,500 EV charging units to the Post Office.  ( 23 min )

(Bloomberg) -- Occidental Petroleum Corp.’s weaker share price — dragged down by crude oil’s latest rout — is giving Warren Buffett another chance to expand his stake.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000First Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 Salary Goes the FurthestSchwab Clients Shift From Prime Funds to Government PortfoliosThe billionaire  ( 46 min )

Trading below book value and paying a dividend are two key characteristics of a value stock, and these three real estate investment trusts (REITs) qualify: Dynex Capital Inc. (NYSE: DX), Hersha Hospitality Trust (NYSE: HT) and RPT Realty (NYSE: RPT) may be worth a closer look for investors seeking those qualities. No guarantees of profitability exist, and value stocks can stay depressed for longer than is pleasant, but with these, you receive a dividend while you wait. The idea, developed by leg  ( 47 min )

Reynolds reportedly owns between 20% and 25% of Mint Mobile, as well as part of a Welsh football club. He also sold Aviation Gin in 2020 for over $300 million.  ( 25 min )

France, the U.K. and China are talking about increasing retirement ages — here’s what’s happening in the U.S.  ( 21 min )

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The beleaguered lender is working on various potential options to shore itself up including a capital raise.  ( 26 min )

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) acquired more shares in Occidental Petroleum Corp (NYSE: OXY), increasing its stake to about 23.1%, according to a regulatory filing. According to the filing, Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15. Earlier this month, Berkshire Hathaway resumed its purchases of Occidental Petroleum shares after a gap of five months. Berkshire Hathaway's company now owns about 208.04  ( 46 min )

The disgraced founder of the failed cryptocurrency exchange is facing legal bills in the millions of dollars and wants "priority" access to the firm's director and officer insurance.  ( 46 min )

(Bloomberg) -- Just days ago, First Republic Bank boasted of another coup for its wealth-management business: poaching a six-person team from Morgan Stanley in Los Angeles.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionCredit Suisse Reels After Top Shareholder Rules Out Raising StakeThat followed hirin  ( 50 min )

Will Silicon Valley Bank’s collapse influence the policy makers to take a more forgiving stance regarding its interest rate hiking endeavors? Word on the Street is that it is a possibility, but David Rubenstein is not so sure – the billionaire investor thinks the Fed will find the middle ground in its continued efforts to rein in inflation. “I suspect 25 basis points is the split-the-baby decision that’s most likely,” Rubenstein said ahead of the Federal Reserve’s meeting next week. Whether Rube  ( 50 min )

Whether you're saving money in a bank account or investing it in the market, you want some reassurance that it's safe. The Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) ensure banks and other financial institutions, … Continue reading → The post SIPC vs. FDIC: Understanding Key Differences appeared first on SmartAsset Blog.  ( 50 min )

Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can't access your funds until the … Continue reading → The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.  ( 48 min )

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(Bloomberg) -- Virgin Orbit Holdings Inc. shares tumbled after the Richard Branson-founded satellite launch firm said it would halt operations while attempting to secure more funding.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionCredit Suisse Reels After Top Shareholder Rules Out Raising StakeThe comp  ( 46 min )

Net sales from owned brands, a major focus for the footwear retailer, were up 32.1% in 2022.  ( 46 min )

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Susquehanna upgraded Intel's stock to neutral from negative Thursday as part of a broader re-evaluation of the chip landscape.  ( 20 min )

Fourth-quarter adjusted Ebitda at Proterra was a negative $60 million from $80 million in sales.  ( 23 min )

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While so many people are financially prepared for the amount they will need in retirement, many fail to consider how their situation might change due to a disability. Unfortunately, a disability is the most common reason for nursing home placement. By … Continue reading → The post Asset Protection If a Spouse Goes into a Nursing Home appeared first on SmartAsset Blog.  ( 50 min )

Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 52 min )

Stock futures were mixed on Thursday ahead of a key decision from the ECB and continued uncertainty about the health of the U.S. banking system.  ( 48 min )

(Bloomberg) -- First Republic Bank shares plunged in premarket trading on Thursday, extending a week-long rout as executives consider courting a buyer to prop up the bank in the wake of the collapse of several regional peers.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Sui  ( 46 min )

Shares of Nucor Corp. fell 0.6% toward a 2 1/2-month low in premarket trading Thursday, after the steelmaker provided a first-quarter profit outlook that was...  ( 20 min )

Snap, Meta rise on Biden threat to Bytedance, and Baidu falls as AI-bot disappoints investors  ( 20 min )

Shares of Esperion Therapeutics Inc. plunged about 56% in premarket trading on Thursday, the day after the company told investors that there is a dispute...  ( 20 min )

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"It puts you in the position where it's really difficult to get another job," ex-employee Brit Levy said. "It's a tradeoff and it sounds great, but it's going to really screw up people's careers."  ( 48 min )

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Let's check the charts and indicators.  ( 10 min )

Western Alliance Bancorp stock fell 8% in premarket trades after credit rating agency Fitch Ratings placed the company’s debt and deposit ratings on rating...  ( 20 min )

Shares of LivePerson Inc. plummeted 41.2% toward a seven-year low in premarket trading Thursday, after the provider of natural-language chat services using...  ( 20 min )

An earlier version of this article incorrectly characterized it as a new investment, when Exxon announced it more than four years ago. The news today is the...  ( 20 min )

The company has hit the pause button "in order to conserve capital" while it seeks funding sources.  ( 23 min )

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The Biden administration has insisted taxpayers will not be on the hook for the recent bailout of SVB, but a Heritage economist says that "doesn't pass the smell test."  ( 50 min )

Emission-free energy is ready and plentiful.  ( 49 min )

First Republic Bank stock tumbled another 15% in premarket trade Thursday, amid reports it’s exploring its strategic options, including a potential sale of...  ( 20 min )

Silicon Valley Bank may be the start of something grimmer  ( 52 min )

The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation. ECB President Christine Lagarde said last week that it was “very likely” the bank would raise its benchmarks by a half-percentage point, part of a series of rapid rate hikes aimed at getting inflation down from 8.5% — far above the bank’s target of 2%.  ( 49 min )

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(Bloomberg) -- European stocks pared an early rally on Thursday and bonds fell as traders braced for a European Central Bank rate decision amid concerns about the outlook for economic growth, even as bank shares rebounded after Credit Suisse Group AG’s lifeline.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,00  ( 49 min )

Credit Suisse added more gas on the banking fire, exacerbating an already tough decision for central banks.  ( 49 min )

Credit Suisse will exercise an option to borrow as much as $54 billion from the Swiss National Bank, Snap surges on a report the Biden administration is demanding the sale of the U.S. arm of TikTok, and Adobe boosts its fiscal-year outlook.  ( 24 min )

Investors and customers fell in love with these two Silicon Valley banks and their CEOs. Then they fled as the crisis hit.  ( 24 min )

(Bloomberg) -- Bond investors who had bet that central banks were too hawkish in the face of recession risks should now book profits as this week’s rally is overdone.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?That’s the view of strate  ( 49 min )

Virgin Orbit, the Richard Branson-founded satellite launch firm has paused operations and furloughed staff while it attempts to secure more funding, according to a report.  ( 47 min )

(Bloomberg) -- The Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch, according to JPMorgan Chase & Co.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wro  ( 46 min )

Executives and directors at Schwab spent about $7 million buying the financial-services giant's beaten-down stock this week in an apparent vote of confidence.  ( 21 min )

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Berkshire Hathaway bought about eight million shares in recent days.  ( 24 min )

(Bloomberg) -- It was Federal Reserve policy, not crypto, which was the primary culprit in the bankruptcies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went  ( 46 min )

Although they may seem boring, pipeline stocks have been solid dividend payers for years on end, and even in a rising interest rate environment, they are likely to remain strong bets  ( 51 min )

Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.  ( 20 min )

A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal. The agreement filed Wednesday in a Los Angeles federal court calls for the former Wells Fargo executive, Carrie Tolstedt, to serve a 16-month prison sentence for obstructing regulators' investigation into abusive sales practices that culminated in the bank paying billions of dollars in fines. Tolstedt, 63, also agreed to pay a $17 million fine in a separate civil settlement with the government that also bans her from working again in the banking industry.  ( 46 min )

De prijzen van olie zijn de voorbije dagen gezakt naar het laagste punt sinds december 2021. Voor een vat Noordzeeolie betaalden handelaren woensdag en donderdag op sommige momenten minder dan 73 dollar (zo'n 69 euro). Ook Amerikaanse olie werd flink goedkoper.  ( 3 min )

Unilever start later dit jaar met de bouw van een nieuwe fabriek in Oekraïne. Het levensmiddelenbedrijf wil in hoofdstad Kyiv producten voor persoonlijke verzorging maken, vooral voor de lokale markt. Het gaat om een investering van 20 miljoen euro.  ( 3 min )

Het Franse olie- en gasconcern TotalEnergies verkoopt al zijn tankstations in Nederland en Duitsland aan het Canadese bedrijf Couche-Tard. Het gaat om bijna zestienhonderd pompstations. De naam TotalEnergies is nog wel minstens vijf jaar te zien, omdat het olieconcern de stations zolang van brandstof voorziet.  ( 3 min )

Het Franse olie- en gasconcern TotalEnergies verkoopt al zijn tankstations in Nederland en Duitsland aan het Canadese bedrijf Couche-Tard. Het gaat om bijna zestienhonderd pompstations. De naam TotalEnergies is nog wel minstens vijf jaar te zien, omdat het olieconcern de stations zolang van brandstof voorziet.  ( 3 min )

De Europese Centrale Bank (ECB) schroeft zijn belangrijkste rente met 0,5 procentpunt op. Het is al de zesde verhoging sinds afgelopen juni. De financiële toezichthouder trotseert daarmee twijfels over de stabiliteit van de economie. Die is onder druk komen te staan door problemen bij banken in Europa en de VS.  ( 4 min )

De Amsterdamse beurs staat aan het begin van de middag licht hoger. Vooral financiële aandelen als ING en ABN AMRO tonen herstel nu Credit Suisse ruim 50 miljard euro steun krijgt van de Zwitserse centrale bank.  ( 3 min )

Vandaag legt in meer dan zestig ziekenhuizen een deel van de zorgmedewerkers het werk neer. En de tweede stakingsdag is al in voorbereiding. Wat zijn de voornaamste redenen om actie te voeren? In dit artikel komen de stakers aan het woord.

De gegevens van ongeveer 48.000 mensen die tussen 2015 en 2021 online een toegangsticket voor de Amsterdamse Waterleidingduinen hebben gekocht, zijn gestolen door hackers. De politie stuitte op de gestolen data in een onderzoek naar grootschalige datadiefstal.  ( 3 min )

De Amerikaanse regering wil dat TikTok-moederbedrijf ByteDance zijn populaire filmpjesapp verkoopt. Doet het bedrijf dat niet, dan volgt mogelijk een verbod, meldt The Wall Street Journal donderdag.  ( 3 min )

De Amsterdamse beurs is donderdag hoger geopend. Vooral financiële aandelen als ING en ABN AMRO tonen herstel nu Credit Suisse ruim 50 miljard euro steun krijgt van de Zwitserse centrale bank.  ( 3 min )

De Europese Centrale Bank (ECB) maakt donderdag bekend of ze haar rente opnieuw verhoogt in de strijd tegen inflatie. Maar de toezichthouder moet ook rekening houden met zorgen over problemen bij banken. Een nieuwe renteverhoging kan die onrust juist aanwakkeren.  ( 5 min )

Netbeheerder Liander heeft vorig jaar samen met de politie 360 hennepkwekerijen ontdekt. Die tapten samen 18,7 miljoen kilowattuur (kWh) stroom illegaal af. Dat is bijna net zo veel als het jaarlijkse verbruik van 6.500 huishoudens. In 2021 kwam het aantal ontdekte hennepkwekerijen nog boven de 600 uit.  ( 3 min )

Credit Suisse gaat maximaal 50 miljard Zwitserse frank (50,6 miljard euro) lenen van de Zwitserse centrale bank. Het geld is nodig om de bank te versterken, terwijl die zich omvormt tot een simpelere organisatie. Credit Suisse wil zich naar eigen zeggen meer richten op de belangen van klanten.  ( 3 min )

De werkloosheid in ons land is vorige maand licht gedaald na een kleine stijging in januari. In februari zaten zo'n 356.000 mensen zonder werk, zo blijkt donderdag uit cijfers van statistiekbureau CBS.  ( 3 min )

Om een flinke loonsverhoging en minder werkdruk af te dwingen legt personeel donderdag in 64 ziekenhuizen het werk neer. "Wij willen geen filmsterlonen, maar koopkrachtreparatie", zegt vakbondsbestuurder Elise Merlijn van FNV Zorg & Welzijn.  ( 4 min )

Over twee weken is het zover: dan zit er na jaren van discussie en nog eens een paar maanden uitstel echt statiegeld op blikjes. Maar liefst 2,5 miljard blikjes gaan er jaarlijks over de toonbank, een miljard meer dan de grote en kleine petflessen bij elkaar. Statiegeld Nederland schat dat in het eerste jaar de helft tot 70 procent ervan wordt ingeleverd om 15 eurocent terug te krijgen.  ( 6 min )

BlackRock Inc CEO Larry Fink warned investors on Wednesday the U.S. regional banking sector was still at risk and that higher inflation and interest rates were here to stay.  ( 1 min )

T‑Mobile will acquire Mint mobile for $1.35 billion as the company wants to boost its marketing and 5G market share.  ( 1 min )

New SVB CEO implored customers to return their assets to the bank, as FDIC action made it one of the "safest of any bank or institution in the country."  ( 1 min )

An array of market realities, not the inability to find or drill more oil, may limit U.S. producers long-term.  ( 1 min )

Shares of Credit Suisse (CS) plunged to new all-time lows Friday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 1 min )

U.S. stocks were volatile on March 15, 2023, falling for most of the day before ending mixed as concerns about banks rippled through the markets.  ( 1 min )

News of the day for March 15, 2023  ( 1 min )

Shares of Credit Suisse (CS) plunged to all-time lows Wednesday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 1 min )

While electric vehicles (EVs) are currently a small part of the world’s auto fleets, their numbers are growing. EVs are benefitting from a mix of tailwinds, including improved technologies, social approval, and political will, combining to give a strong impetus to the EV industry. The rapid expansion of EVs has opened up wide fields of opportunity for investors. While the car makers tend to soak up the headlines (think Elon Musk’s Tesla), there are also companies working on charging stations, ba  ( 49 min )

(Bloomberg) -- First Republic Bank, the San Francisco-based lender that was cut to junk by S&P Global Ratings and Fitch Ratings on Wednesday, is exploring strategic options including a sale, according to people with knowledge of the matter.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionTraders Dash for Cover as Bank Drama Rattles Globe: Markets WrapSwiss Government Holds Talks on Options to  ( 47 min )

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Adobe shares rallied in the extended session Wednesday after the software company topped Wall Street expectations and hiked its outlook for the year.  ( 25 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 12 min )

I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.  ( 49 min )

Adobe said it still expects to close its Figma acquisition by the end of the year. The company also boosted its outlook for the full year.  ( 23 min )

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One of Europe’s biggest banks sparked global market turmoil on Wednesday amid fears it is on the brink of financial disaster.  ( 49 min )

UiPath Inc. stock rose sharply in after-hours trading Wednesday after the company's fourth-quarter results and outlook exceeded Wall Street's expectations.  ( 20 min )

A Fifth Third director spent more than a million dollars to buy the bank's shares after a dip, but then they dipped even further.  ( 21 min )

The chief executive of the world’s biggest money manager has warned that more banks could collapse, as Swiss regulators were last night forced to reassure investors that Credit Suisse was not at risk.  ( 49 min )

Thousands of miles away from New York, a meltdown for Credit Suisse has been hitting global markets, days after Wall Street's own banking stress. U.S....  ( 21 min )

3M CFO Monish Patolawala doesn't believe the company has done anything wrong in the Combat Arms earplugs case, but the stock keeps falling toward a 10-year low.  ( 21 min )

The Biden administration is making good on promises to help lower drug costs, though the impact is largely for Medicare patients.  ( 47 min )

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Business magnate Warren Buffett has long been hailed as one of the greatest value investors in modern America. Through decades of mergers and acquisitions, great investments and adhering to austere investing principles, Buffett earned this title as well as the title World's Richest Person in 2008. Buffett invested in the early stages of The Coca-Cola Co., American Express Co. and several other modern behemoths, mostly before they were the titans you know today. But even Buffett has made some poo  ( 47 min )

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Deciding whether to save in a pretax or Roth account for retirement just got a little easier – at least for people 50 and older. T. Rowe Price has pinpointed how much late-career workers who want to leave money to … Continue reading → The post Switch to Roth Contributions If You Have This Much Money appeared first on SmartAsset Blog.  ( 49 min )

Several banks increased the yields on their deposit account products following the collapse of two banks.  ( 47 min )

U.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled...  ( 20 min )

‘Buy the dip’ has not become the ubiquitous phrase it is for no reason. With bank stocks recently falling in unison whether they are in danger of meeting the same fate as SVB and Signature bank or not, there are plenty of ‘buy the dip’ opportunities investors can take advantage of right now. And that’s what one CEO has been doing. Having watched shares of his firm Charles Schwab drop by more than 30% since the crisis began, CEO Walter Bettinger said on Tuesday that he purchased 50,000 shares for  ( 50 min )

The growth outlook dims.  ( 47 min )

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ThermoGenesis Holdings Inc (NASDAQ: THMO) is rolling out a new facility in the Sacramento metro area, containing 12 class-7, ReadyStart cGMP Suites available for lease by early-stage life science and cell gene therapy companies. The roll-out of the ReadyStart Suites is part of ThermoGenesis' previously announced plan to transform from a medical device company to a contract development and manufacturing organization in the cell gene therapy field. The facility is expected to be available for cust  ( 45 min )

If CEO Warren Buffett was a buyer Monday, his company would have to report it later on Wednesday.  ( 24 min )

Tesla’s latest legal issue centers around a growing frustration with owners - obtaining parts and repairs. In a suit seeking class action status in federal court in San Francisco, an owner of a Model S is suing Tesla claiming she must pay exorbitant repair costs and face long wait times for service.  ( 48 min )

Oil is breaking downward from a three-month sideways consolidation pattern. Here's what it means for the commodity and energy stocks.  ( 10 min )

(Bloomberg) -- Credit Suisse Group AG’s funding costs have become so high it either needs to raise more capital or face a break up, Morningstar analyst Johann Scholtz said in a note on Wednesday. Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionTraders Dash for Cover as Bank Drama Rattles Globe: Markets WrapIn New York City, a $100,000 Salary Feels Like $36,000Swiss Government Holds Talks on  ( 48 min )

Oil prices have fallen sharply in recent days amid growing inventories and broad stresses following the failure of multiple U.S. banks.  ( 48 min )

Shares in the Swiss lender hit a fresh record low, reflecting increasing concerns that troubles that hit regional U.S. banks have migrated across the Atlantic.  ( 29 min )

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Let's look at both as we examine SCHW amid the banking crisis.  ( 11 min )

The Board of Directors of Jounce Therapeutics Inc (NASDAQ: JNCE) confirmed that Concentra Biosciences LLC made an unsolicited and non-binding proposal to acquire 100% of the equity of Jounce. Tang Capital Partners LP is the controlling shareholder of Concentra Biosciences. Tang Capital is approximately a 10.2% shareholder of Jounce. The Proposal consists of $1.80 in cash per share plus a contingent value right (CVR) representing the right to receive 80% of the net proceeds payable from any licen  ( 45 min )

There are good reasons to make this contrarian investment, writes Michael Brush.  ( 21 min )

Global shipping giant FedEx will publish its fiscal third quarter results on Thursday (March 16) and is expected to report a fall in profit. Earnings per share and revenue are projected to have dipped compared to a year earlier on weaker demand in the US, Europe, and Asia, and sluggish activity in its Express unit.  ( 46 min )

(Bloomberg) -- The US Treasury Department is monitoring the Credit Suisse situation, a spokesperson said Wednesday, after the bank’s biggest shareholder ruled out boosting its stake and the stock fell the most on record.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionBofA Gets More Than $15 Billion in Deposits After SVB FailsSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseStock R  ( 46 min )

After bank failures, rate increases, savers sifting cash options should take a hard look at “sweep” accounts  ( 20 min )

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(Bloomberg) -- America’s largest owner of local sports channels filed for bankruptcy after its efforts to pivot its business model were stymied by its unwieldy balance sheet.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseWall Street Frets Over Bank ‘Dominoes’ in Wild Day: Mark  ( 48 min )

Oil futures extend losses, with the U.S. benchmark touching its lowest intraday level since December 2021.  ( 21 min )

(Bloomberg) -- Government debt yields plunged globally as mounting financial-stability concerns prompted bond traders to abandon bets on additional central-bank rate hikes and begin pricing in cuts by the Federal Reserve.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseWall Stre  ( 47 min )

Ebix, Inc (NASDAQ: EBIX) reported a fourth-quarter FY22 revenue decline of 4% year-on-year to $255.21 million, beating the consensus of $251.04 million. The decrease is primarily due to the negative effect of the substantial strengthening of the U.S. dollar. On a constant currency basis, Q4 2022 revenues increased 5% Y/Y. Segments: EbixCash Exchanges revenue declined by 6% Y/Y to $188.9 million, Insurance Exchanges revenue declined by 1% Y/Y to $43.8 million, and RCS revenue was flat Y/Y to $22.  ( 45 min )

Tesla owners have sued Elon Musk’s electric carmaker for allegedly abusing its stranglehold on repairs to overcharge and impose lengthy delays.  ( 47 min )

Apple Inc (NASDAQ: AAPL) is postponing perks for some corporate divisions and expanding a cost-cutting effort joining its peers in streamlining operations amid business slowdown and economic uncertainties. The shift will reduce the frequency of bonuses for a portion of Apple's corporate workforce, Bloomberg reports. Apple is also restricting hiring and leaving additional positions open after employee departure. On Tuesday, Meta Paltforms Inc (NASDAQ: META) shared a second downsizing drive, slash  ( 46 min )

It’s no secret that we’re on the edge of a global energy crisis. Electric utility prices are high – and rising – worldwide, while political winds are pushing to replace fossil fuels with cleaner wind or solar power. The price crunch is exacerbated by the underlying costs of those clean power technologies, in the form of materials and required backup generation capacity. And that has many governments and power utilities taking a second look at nuclear power. Say ‘nuclear power’ and far too may pe  ( 50 min )

T-Mobile said Wednesday that it would pay 39% in cash and 61% in stock for Mint Mobile’s parent company, Ka’ena Corp.  ( 25 min )

(Bloomberg) -- First Republic Bank was cut to junk by S&P Global Ratings amid concern that clients pull holdings from the lender, a move that comes after US regulators pledged support for the banking sector.Most Read from BloombergCredit Suisse Fights to Win Back Confidence as Stock SlumpsBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseRussian Fighter Jet Collides  ( 47 min )

Wall Street analysts sometimes see room for improvement in the price targets of certain stocks, which can be an opportunity for investors to quickly pick up shares that have the potential for strong appreciation. For dividend stocks such as real estate investment trusts (REITs), this is sometimes an opportunity to acquire a REIT while the yield is high as well. Here are four REITs whose recent prices are well below recent analyst price target increases, offering a potential opportunity for stron  ( 48 min )

Last week was brutal for Wall Street and in particular for real estate investment trusts (REITs), as hawkish verbiage by Federal Reserve Chair Jerome Powell and two major bank failures led to massive sell-offs in the major indices. Over the past few weeks, several REITs have benefited from price target hikes by analysts but without lifts in previous analyst positions — until now. Within the last few market days, two well-known REITs have been upgraded by major firms. What has led to these sudden  ( 48 min )

(Bloomberg) -- T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers.Most Read from BloombergCredit Suisse Fights to Win Back Confidence as Stock SlumpsBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s Collap  ( 47 min )

Some hedge funds reaped a bonanza when AMC’s shareholders voted to allow the movie-theater chain to sell more common shares. Retail investors were on the losing side.  ( 26 min )

The Euro has plunged during the trading session on Wednesday as a major “risk off move” has begun.  ( 47 min )

Jack Welch, the legendary long-time chief executive of General Electric, died on Mar. 1, 2020, almost two decades after he left the company. His corporate legacy died at GE’s recent Investor Day event: Mar. 9, 2023.  ( 49 min )

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U.S. stock were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment.  ( 48 min )

U.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains and then some as a punishing selloff in shares of Credit Suisse...  ( 20 min )

Saudi National Bank Chairman Ammar Al Khudairy says taking a stake of more than 10% in Credit Suisse would trigger regulatory complications.  ( 24 min )

HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), announced today that the Israeli investment bank, A-Labs ...  ( 49 min )

The digital publisher’s stock lost a quarter of its value on Tuesday after the company projected a sharp revenue decline for the first quarter.  ( 27 min )

Shares in the globally connected Swiss bank Credit Suisse plunged Wednesday and dragged down other major European lenders as fears about deeper problems in the world banking system spread in the wake of bank failures in the United States. At one point, Credit Suisse shares lost more than a quarter of their value, hitting a record low after the bank's biggest shareholder — the Saudi National Bank — told news outlets that it would not inject more money into the bank, which was beset by problems long before the U.S. failures. The turmoil prompted an automatic pause in trading of Credit Suisse shares on the Swiss market and sent shares of other European banks tumbling, some by double digits.  ( 48 min )

Inheriting an IRA, whether a traditional or Roth account, comes with certain responsibilities. The rules for an inherited IRA depend on the specifics of your situation, as well as the deceased's age and other circumstances. Unfortunately, you might have to … Continue reading → The post Inheritance Rules for Traditional and Roth IRAs appeared first on SmartAsset Blog.  ( 49 min )

When you file a federal income tax return, you have the choice between taking the standard deduction and itemizing your deductions. But after the 2017 Trump tax changes, which nearly doubled the standard deduction, many taxpayers who lowered their tax bill by … Continue reading → The post Tax Breaks You Can Claim Without Itemizing appeared first on SmartAsset Blog.  ( 49 min )

(Bloomberg) -- When Exxon Mobil Corp.’s newest addition to its southeast Texas refinery ramps up to full production in the next few weeks, it’ll be the first major expansion of US fuel-making capacity in at least a decade. And probably the last.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseBofA Gets More Than $15 Billion in Deposi  ( 50 min )

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BlackRock Inc. co-founder and CEO Larry Fink warned his firm's investors that the Federal Reserve's aggressive interest-rate hikes were the "first domino to...  ( 21 min )

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U.S. military spending could hit $842 billion in fiscal year 2024, up from an expected $816 billion in fiscal year 2023. Defense stocks aren't reacting to the news.  ( 24 min )

JPMorgan Chase, Citigroup and Wells Fargo were all trading lower in the premarket.  ( 24 min )

The software company's fourth-quarter earnings showed a reversal of fortunes and smashed expectations.  ( 23 min )

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Nouriel Roubini, the high-profile economist and chief economist of Roubini Macro Associated, said on Wednesday that a Credit Suisse failure would be like a...  ( 20 min )

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The U.S.-listed shares of Oatly Group AB soared 13.1% in premarket trading Wednesday, after the Sweden-based oat-based drink company reported...  ( 20 min )

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Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.  ( 47 min )

(Bloomberg) -- Credit Suisse Group AG shares plunged and credit default swaps were near a distressed level after its biggest shareholder ruled out any additional support. Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeSaudi  ( 48 min )

The early big selloff in the Dow Jones Industrial Average is unanimous, as the stocks of all 30 components were trading lower. The biggest losers were...  ( 20 min )

Citi analyst Keith Horowitz on Wednesday upgraded Truist Financial Corp. to buy despite headwinds in the market on earnings challenges and potential...  ( 20 min )

The shorts have cleaned up.  ( 46 min )

Investigators and investors look at SVB, more Meta job cuts, AMC shares conversion approved, and other news to start your day.  ( 24 min )

Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking...  ( 21 min )

The mood in stock markets was initially calmer as traders eyed retail sales and producer prices data due Wednesday.  ( 21 min )

Rattled by the collapse of three U.S. banks within a week, customers poured $15 billion into the too-big-to-fail bank.  ( 21 min )

(Bloomberg) -- China’s central bank echoed President Xi Jinping’s warning that the US is seeking to suppress the world’s second-largest economy, an unusual move that suggests the central bank could be looking for ways to safeguard against possible further sanctions. Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB FailsRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionWall Street Frets Ove  ( 49 min )

Synchrony Financial disclosed Wednesday that over-30 day loan delinquencies and and net charge-offs, or debt owed that was written off, as a percentage of...  ( 20 min )

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Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com  ( 20 min )

Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.  ( 25 min )

(Bloomberg) -- The cost of insuring the bonds of Credit Suisse Group AG against default in the near-term is approaching a level that typically signals serious investor concerns.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike  ( 48 min )

More than just burying one of their banks, rising rates are pushing the tech industry to a "year of efficiency."  ( 48 min )

(Bloomberg) -- Stocks in Europe declined amid disappointing results from large clothing retailers and worries over Credit Suisse Group AG. US equity futures edged lower and short-end Treasury yields rose as sticky inflation supported bets for further Federal Reserve rate hikes.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeSignature Bank Fac  ( 49 min )

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.  ( 47 min )

(Bloomberg) -- Credit Suisse Group AG Chairman Axel Lehmann said government assistance “isn’t a topic” for the lender as the Swiss bank seeks to shore up confidence among clients, investors and regulators after a series of missteps.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Co  ( 48 min )

'Rushed action leads to more pain,' one financial adviser says.  ( 21 min )

Silicon Valley Bank sold its bond portfolio last week to Goldman Sachs, a move that reportedly set SVB failure in motion and caused depositors to flee.  ( 47 min )

“Americans can rest assured that our banking system is safe. Your deposits are safe.” As guarantees go, they don’t come much better than a personal one from the US president – delivered from the White House lectern too, for added punch.  ( 49 min )

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(Bloomberg) -- The head of one of the world’s largest asset managers called Moody’s Investors Service’s outlook cut for the US banking system “a terrible overreaction” and said regulators had reassured the market following the collapse of three lenders.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of  ( 47 min )

When Oatly reports its fourth-quarter results on March 15, some analysts expect the plant-based milk company to show a path toward profitability.  ( 47 min )

‘I’m not sure it's my obligation to repay her debt.'  ( 21 min )

(Bloomberg) -- Liquidity in the world’s largest bond market is evaporating as the US banking crisis muddies the outlook for the Federal Reserve’s monetary policy.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBofA Gets More Than $15 Billion in Deposits After SVB FailsBid-ask sprea  ( 47 min )

The e-commerce company is negotiating a stalking-horse bid for its assets.  ( 26 min )

The Wall Street giant purchased securities and attempted to raise capital as Silicon Valley Bank tried to survive, according to filings.  ( 47 min )

Private mortgage insurance (PMI) is often required for conventional mortgages with less than a 20% down payment. Learn how PMI is used and how to avoid paying for it.  ( 21 min )

Switzerland’s central bank said Wednesday it’s ready to provide financial assistance to Credit Suisse Group, the nation’s second-largest lender, whose stock slid to all-time lows after the bank’s top shareholder indicated it wouldn’t invest further in the company.  ( 11 min )

Goldman Sachs reduced its forecast for 2023 U.S. economic growth on concerns that turmoil in the banking sector could lead to a lending pullback.  ( 10 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 10 min )

U.S. stocks were volatile on March 15, 2023, falling for most of the day before ending mixed as concerns about banks rippled through the markets.  ( 11 min )

Mortgages include many fees, and junk fees, or unneecessary fees, may be included without a homebuyer noticing. Here's what to watch out for with mortgage fees.  ( 17 min )

Junk fees are unnecessary or excessive charges included in the process of closing on a real estate purchase. They can also be found in other forms of banking and lending.  ( 16 min )

Silicon Valley Bank (SVB) and Signature Bank's balances were mostly uninsured—and other regional banks have less, but still significant, uninsured deposits.  ( 11 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 18 min )

A bank account is convenient for cashing checks, but that may not be an option if you’re unbanked. Learn where to cash a check without a bank account.  ( 19 min )

New SVB CEO implored customers to return their assets to the bank, as FDIC action made it one of the "safest of any bank or institution in the country."  ( 12 min )

BlackRock Inc CEO Larry Fink warned investors on Wednesday the U.S. regional banking sector was still at risk and that higher inflation and interest rates were here to stay.  ( 11 min )

Rates on 30-year mortgages climbed modestly, reversing a two-day decline that had taken the average to a four-week low.  ( 12 min )

An FDIC Insured Account is a bank or thrift account that is covered or insured by the Federal Deposit Insurance Corporation (FDIC).  ( 17 min )

Shares of Credit Suisse (CS) plunged to all-time lows Wednesday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 12 min )

To help you find the right CD or savings account, we research 200 financial institutions every business day to unearth the best rates. This guide explains the criteria we use.  ( 12 min )

Shares of Credit Suisse (CS) plunged to new all-time lows Friday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 12 min )

An array of market realities, not the inability to find or drill more oil, may limit U.S. producers long-term.  ( 15 min )

A trader is someone who engages in the purchase or sale of assets in any financial market, either for themselves, or on behalf of another party.  ( 21 min )

A no-penalty certificate of deposit, also known as a liquid CD, allows investors to make early withdrawals without paying a penalty. But they also pay lower interest rates.  ( 17 min )

A shelf offering is an SEC rule allowing an issuer to register new partial issues  ( 15 min )

Justice Department investigators in Washington and Manhattan were examining if the New York-based bank had sufficient safeguards to detect potential money laundering by clients.  ( 12 min )

Makers of 27 prescriptions drugs, where Q4 2022 price increases outpaced inflation, will have to offer rebates to Medicare beneficiaries or pay fines.  ( 11 min )

Wholesale inflation unexpectedly dropped last month to the lowest annual rate in almost two years as prices for food and energy declined.  ( 11 min )

Individual investors are still cautious with their investments and continue to curb their risk appetite amid a rise in market volatility, uncertainty around interest rates and inflation, and recent concerns about the health of the nation’s financial sector.  ( 11 min )

T‑Mobile will acquire Mint mobile for $1.35 billion as the company wants to boost its marketing and 5G market share.  ( 11 min )

M1 Finance and Wealthfront are two of our top robo-advisors but offer extremely different services. M1's forte is automated investing, but it doesn't offer advice. Wealthfront is strong when it comes to setting financial goals.  ( 24 min )

The history of the FDIC includes how it developed deposit insurance and adjusted it through the decades. Learn how the FDIC started and about its key changes.  ( 22 min )

News of the day for March 15, 2023  ( 11 min )

Personal finance influencers share tips and ideas about how to manage money with their followers. How to tell if an influencer is the real thing.  ( 18 min )

If you want to manage your finances responsibly, you’ll need to overcome four big challenges.  ( 16 min )

The cost of revenue is the total cost of manufacturing and delivering a product or service and is found in a company's income statement.  ( 18 min )

Obtain information about specific financial ratios investors should monitor to get early warnings about companies potentially headed for bankruptcy.  ( 14 min )

De Zwitserse centrale bank belooft de geplaagde bank Credit Suisse financiële steun als dat nodig is. Dat heeft de centrale bank woensdag in een verklaring naar buiten gebracht.  ( 3 min )

Nederlandse banken beschikken over voldoende financiële buffers en zijn daarmee "weerbaar om schokken op de markten op te vangen". Dat laat het ministerie van Financiën weten naar aanleiding van de recente onrust op de beurzen, waar bankaandelen woensdag zware klappen kregen.  ( 4 min )

Het plan van de Zuid-Koreaanse regering om de maximale werkweek van 52 naar 69 uur te verlengen, gaat waarschijnlijk niet door. Dat meldt de Britse krant The Guardian woensdag. Veel jongeren in het land protesteerden tegen het plan, omdat het hun gezondheid in gevaar zou brengen.  ( 3 min )

Laat GPT-4 een plaatje zien van een eekhoorn met een verrekijker en de computer vertelt je waarom dat grappig is. Dat het systeem afbeeldingen verwerkt en beredeneert wat hij ziet, is een van de vernieuwingen in de opvolger van de populaire chatbot ChatGPT.  ( 7 min )

De Amsterdamse beurs is woensdag opnieuw onderuitgegaan door zware koersverliezen in de financiële sector. Aandelen van ING, ABN AMRO en andere Europese banken kelderden hard. Dat heeft alles te maken met de problemen bij de Zwitserse bank Credit Suisse. Wat is er aan de hand?  ( 5 min )

Morgen wordt in 64 ziekenhuizen gestaakt en de tweede landelijke ziekenhuisstaking wordt al voorbereid. Ergens in april moeten tientallen ziekenhuizen door die staking waarschijnlijk weer een dag alle geplande zorg uitstellen. Ziekenhuizen draaien bij stakingen een 'zondagsdienst', wat betekent dat er alleen spoedeisende zorg wordt uitgevoerd.  ( 4 min )

Zo'n 3,8 miljoen mensen reisden in februari van, naar of via luchthaven Schiphol. Dat zijn zo goed als een miljoen reizigers minder dan in dezelfde maand in 2000, toen het coronavirus om zich heen begon te grijpen.  ( 3 min )

Facebook heeft de wet overtreden bij de verwerking van persoonsgegevens van Nederlandse gebruikers, oordeelt de rechtbank Amsterdam woensdag. Het socialemediabedrijf gebruikte de gegevens voor advertentiedoeleinden en verstrekte ze aan andere bedrijven, terwijl dat niet mocht.  ( 3 min )

De Russische olie- en gasproductie zal dit jaar naar verwachting afnemen door de westerse sancties en een gebrek aan Europese kopers. Dat heeft de Russische minister Nikolai Shulginov (Energie) woensdag voorspeld.  ( 2 min )

Essent biedt weer vaste contracten onder het prijsplafond aan, maakte het energiebedrijf woensdag bekend tijdens een toelichting op de jaarresultaten. Veel energieleveranciers stopten vorig jaar met vaste contracten vanwege de zeer sterke stijging van de energieprijzen.  ( 3 min )

De Amsterdamse beurs is woensdag opnieuw hard onderuitgegaan door zware koersverliezen in de financiële sector. Dinsdag wisten de banken en verzekeraars juist nog te herstellen van de recente verkoopgolf. Die volgde op het omvallen van de Amerikaanse banken Silicon Valley Bank en Signature Bank.  ( 3 min )

De steunmaatregelen voor de energierekening van Britse huishoudens zijn met drie maanden verlengd. Dat maakte de Britse regering woensdag bekend voorafgaand aan de presentatie van de begrotingsplannen. Minister van Financiën Jeremy Hunt zal die later op de dag houden.  ( 3 min )

De inflatie in Argentinië is in de afgelopen maand uitgekomen op het duizelingwekkende percentage van 102,5 procent; het leven was dus meer dan twee keer zo duur als een jaar eerder. Het is voor het eerst sinds 1991 dat het land van Lionel Messi en Máxima weer een inflatiecijfer met drie getallen publiceert.  ( 3 min )

TikTok overweegt zich af te splitsen van zijn Chinese moederbedrijf ByteDance om zorgen bij westerse landen weg te nemen, meldt persbureau Bloomberg. Die zijn bang dat de Chinese overheid het sociale netwerk misbruikt om ons te bespioneren.  ( 3 min )

Supermarktketen Albert Heijn (AH) stopt met de plastic clips die gebruikt worden om de zakken met brood, bolletjes en eierkoeken dicht te maken. Dat scheelt op jaarbasis 125 miljoen clipjes, aldus het bedrijf. Vanaf nu worden ze geleidelijk vervangen door clips van papier, zoals die ook bij bakkers steeds vaker te zien zijn.  ( 4 min )

Opeens kreeg berichtendienst Mastodon er vorig jaar enorm veel gebruikers bij. En dat is niet heel toevallig: Elon Musk had namelijk net de overname van Twitter afgerond. Ontevreden twitteraars vonden op Mastodon een nieuw onderkomen. Veel gebruikers zijn inmiddels weer vertrokken, maar de interesse van Facebook-moederbedrijf Meta in het platform is gewekt.  ( 5 min )

Opeens kreeg berichtendienst Mastodon er vorig jaar enorm veel gebruikers bij. En dat is niet heel toevallig: Elon Musk had namelijk net de overname van Twitter afgerond. Ontevreden twitteraars vonden op Mastodon een nieuw onderkomen. Veel gebruikers zijn inmiddels weer vertrokken, maar de interesse van Facebook-moederbedrijf Meta in het platform is gewekt.  ( 5 min )

Bank's shares fall anew after it acknowledges controls over financial reporting `were not effective.'  ( 1 min )

United Airlines Holdings (UAL) is the worst-performing stock in the S&P 500 after the carrier said it would incur a loss in the current quarter due to lower demand and higher costs.  ( 1 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 1 min )

News of the day for March 14, 2023  ( 1 min )

U.S. stocks traded higher on March 14, with the CPI pointing to a slowdown in inflation and a rally in shares that have been battered by banking woes.  ( 1 min )

Bank Stocks Rally on Speculation Fed Will Pause Rate Hikes to Shore up Sector  ( 1 min )

A report reveals regional and mid-sized banks have unrealized losses that have vastly reduced their fair market values and attracted unwanted attention from credit ratings agencies.  ( 1 min )

An insured financial institution is any bank or savings institution covered by some form of deposit insurance.  ( 15 min )

A report reveals regional and mid-sized banks have unrealized losses that have vastly reduced their fair market values and attracted unwanted attention from credit ratings agencies.  ( 13 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 10 min )

Justice Department, SEC looking into Bank's swift collapse, timing of executives' share sales  ( 11 min )

U.S. stocks traded higher on March 14, with the CPI pointing to a slowdown in inflation and a rally in shares that have been battered by banking woes.  ( 11 min )

One 11-year-old boy racked up $140 of in-game purchases over eight days  ( 11 min )

Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.  ( 16 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 13 min )

California's AB5 set rules for gig workers and firms hiring them. AB2257 modified them and Prop 22 exempted app-based drivers and companies.  ( 22 min )

Prop 22 is a controversial California law that lets companies such as Uber and Lyft classify workers as independent contractors instead of employees.  ( 15 min )

Reinstatement of Prop 22 in California returns Uber, Lyft, and Doordash drivers to limited benefits and permanant contractor status, pending an expected State Supreme Court appeal.  ( 13 min )

Find out about the benefits, features, and interest charges of the Goodyear Credit Card. Learn which customers benefit most and who the competition is.  ( 18 min )

Universal banking is when financial institutions offer a wide variety of financial services for their customers as a one-stop shop.  ( 16 min )

A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.  ( 11 min )

Bank reserves are the cash minimums financial institutions must retain to meet central bank requirements. Read how bank reserves affect the economy.  ( 17 min )

Bank's shares fall anew after it acknowledges controls over financial reporting `were not effective.'  ( 11 min )

The most widely watched measure of inflation is being driven up by a measure of housing costs that no one actually pays.  ( 12 min )

A hurdle rate is the minimum rate of return on a project or investment required by a manager or investor.  ( 18 min )

Bankruptcy court is a specific kind of federal court that deals with bankruptcy.  ( 22 min )

Secured creditors are paid first, followed by unsecured creditors. If there is any money left, shareholders are paid.  ( 21 min )

Binance's banking partner in the UK has ended its operating agreement, effectively cutting off GBP users from withdrawals and deposits.  ( 11 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 16 min )

The Jade Lizard is a relatively simple and popular strategy for trading options. It's best deployed when the trader has a neutral to bullish view of a security.  ( 14 min )

Janice Eberly is an American economist, she is a frontrunner for the post of vice chair of the Federal Reserve.  ( 17 min )

Chinese tech company Baidu (BIDU) has been working to meet a March 16 deadline for the launch of its AI chatbot nicknamed 'Ernie Bot.'  ( 12 min )

The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts.  ( 16 min )

Opening a crypto exchange account is an essential step in buying ApeCoin (APE). Learn what you need to open a crypto exchange account and how to do it.  ( 15 min )

Bank Stocks Rally on Speculation Fed Will Pause Rate Hikes to Shore up Sector  ( 12 min )

Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.  ( 28 min )

United Airlines Holdings (UAL) is the worst-performing stock in the S&P 500 after the carrier said it would incur a loss in the current quarter due to lower demand and higher costs.  ( 10 min )

These federal agencies regulate banks, credit unions, savings and loans, mortgage lenders, and the stock market in the United States  ( 19 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 29 min )

Thirty-year mortgage rates dip further after the previous day's major drop, reducing the flagship average to its lowest level in a month.  ( 12 min )

The federal discount rate is the reference interest rate set by the Federal Reserve for lending to banks and other institutions.  ( 17 min )

Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.  ( 16 min )

A qualifying relative can be designated a dependent for tax purposes if financially supported by the taxpayer.  ( 15 min )

Learn what happens when a company files for Chapter 7 or 11 Bankruptcy and the effects on shareholders equity.  ( 17 min )

The FDIC insures deposit accounts, including certificates of deposit, for up to $250,000 per depositor, per FDIC-insured bank, per ownership category.  ( 15 min )

Find out why mutual funds are not insured by the FDIC, including how to minimize your risk with educated mutual fund investments.  ( 17 min )

Find out how this institution has stabilized the U.S. economy during economic downturns.  ( 21 min )

A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.  ( 19 min )

Learn which metrics are most useful to evaluate companies in the banking sector and the issues when comparing them across the various banks.  ( 15 min )

Opening a crypto exchange account is an essential step in buying Uniswap (UNI). Learn what you need to open a crypto exchange account and how to do it.  ( 14 min )

Consumer inflation cooled last month, signaling some success in the Federal Reserve’s interest rate campaign and fueling speculation policymakers have more leeway to slow the pace of increases in the wake of high-profile bank failures.  ( 11 min )

Meta follows Twitter's infamous blue check plan as ad revenue falls  ( 11 min )

The average personal loan rate climbed almost a quarter point this week, fueled by a notable increase for those with Excellent credit.  ( 11 min )

News of the day for March 14, 2023  ( 11 min )

As the fallout from the collapse of Silicon Valley Bank and Signature Bank rattles U.S. financial markets, President Biden called for stiffer banking regulations. The bank failures mark the second and third-largest in U.S. history, respectively, after the collapse of Washington Mutual in 2008.  ( 10 min )

Rates on 30-year mortgages saw a major drop, reducing the average almost three-tenths of a point to its lowest level in three weeks.  ( 12 min )

The 1988 Basel 1 agreement sought to decrease bankruptcies among major international banks.  ( 18 min )

Charles Schwab and Fidelity are two of the top brokers for U.S. traders and investors. Both offer a similar experience, but Fidelity has small advantages.  ( 18 min )

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Vacasa is trying to achieve profitability in 2023 while homeowners are leaving its platform, and it's forecasting that gross booking values will decline. Tough stuff.  ( 46 min )

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The electric vehicle maker's cash balance at the end of 2022 almost equals the company's market capitalization.  ( 23 min )

Bridgewater founder Ray Dalio says the Silicon Valley Bank collapse signals more turbulence ahead for the venture-capital industry and beyond.  ( 20 min )

(Bloomberg) -- Regional bank leaders are snapping up shares of their companies’ stocks, taking advantage of a selloff fueled by the fallout from Silicon Valley Bank’s collapse.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slammed by SVB Fal  ( 47 min )

These are the stocks moving in after-hours trade on March 14, 2023.  ( 46 min )

Carl Icahn is worried about the economy in the wake of action taken by the government to mitigate one of the largest bank failures in U.S. history.  ( 21 min )

Lumen's valuation is the lowest among the S&P 500's components.  ( 21 min )

The movie-theater chain won shareholders’ backing to sell new common stock, a financial lifeline for the company as it continues to lose money because of low cinema attendance.  ( 26 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 13 min )

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(Bloomberg) -- Charles Schwab Corp. climbed Tuesday, paring the prior day’s decline, after Chief Executive Officer Walt Bettinger told CNBC that he bought 50,000 shares for his own account.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slamm  ( 47 min )

First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.  ( 46 min )

While social issues have dominated news coverage recently, one of the most contentious and important issues in Washington never changes - tax policy. One of former President Donald Trump's biggest victories was his 2017 tax plan that drastically reduced taxes … Continue reading → The post Are You Rich? Biden Wants to Double Your Capital Gains Taxes and Implement a Wealth Tax appeared first on SmartAsset Blog.  ( 48 min )

LPL, the nation’s largest independent broker-dealer, doesn’t face the same cash sorting concerns as other wealth management companies, analysts say.  ( 24 min )

In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for any bargains amongst the carnage is ‘Shark Tank’ star Kevin O’Leary. With the government having stepped in to ensure depositors walk away unscathed from the SVB and Signature Bank debacles, O’Leary anticipates a flurry of tighter regulation around banks, regional or not, and that wil  ( 49 min )

Billionaire Kenneth (Ken) Griffin controlled Citadel Advisors LLC disclosed a 5.3% stake in Western Alliance Bancorp (NYSE: WAL). Citadel Advisors, a hedge fund, owns around 5.8 million shares of Western Alliance, according to an SEC filing. The bank's shares gained as the stock recovered after a selloff triggered due to the Silicon Valley Bank and Signature Bank meltdown. Western Alliance was one of several banks that witnessed the contagion worries and ripple effect from the downfall of the Si  ( 46 min )

As many regional bank stocks fall, here's a deep look at what the FDIC insures and doesn't.  ( 25 min )

Bill Holdings has said it held about $670 million at Silicon Valley Bank, but said its existing cash was sufficient to meet its working capital and other requirements.  ( 24 min )

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The February consumer price report for February was not good enough to stop the Federal Reserve from hiking next week, many analysts believe.  ( 21 min )

Shares of 3M Co. which have now made sharp intraday reversals to trade lower for a fourth-straight session, were headed for the lowest close in 10 years. The...  ( 20 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

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‘There is a pressure to turn my finances around because I'm in a serious relationship with a guy who makes great money and owns his own home.’  ( 21 min )

Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three banks in a week fueled some investor expectation that the...  ( 21 min )

Hudson Bay Capital has agreed to put more money into the company even though the retailer’s share price has fallen to nearly $1.  ( 27 min )

Mark Zuckerberg, co-founder and CEO of Facebook parent Meta, has pointed to internal data analysis that suggests engineers who initially joined the company in an in-person capacity performed better than those who joined remotely from the get-go. The insights stem from a memo sent to employees earlier today, in which Zuckerberg revealed the company was cutting another 10,000 jobs. Aside from announcing the fresh round of layoffs, Zuckerberg delved into a number of ways the company was looking to improve efficiency, such as cancelling "lower priority projects" and creating a flatter organizational structure by removing various management layers.  ( 48 min )

Shares of the regional bank holding company were recently cut in half.  ( 10 min )

Bill Holdings has said it held about $670 million at Silicon Valley Bank, but said its existing cash was sufficient to meet its working capital and other requirements.  ( 24 min )

If a time machine could take you back to the start of the 2000s — without the desire to open up a crypto wallet — what’s the No. 1 investment you would make? Maybe Apple Inc. (NASDAQ: AAPL), which has sold 1.3 billion iPhones since 2007 and reported a $19.4 billion profit last quarter? Or Tesla Inc. (NASDAQ: TSLA), which went from selling just 937 cars in 2009 to over 300,000 last year? Some savvy income investors might consider Altria Group Inc. (NYSE: MO). The tobacco giant, formerly Phillip M  ( 48 min )

Western Alliance Bancorp's stock rocketed Tuesday toward its best day in 15 years after Citadel Advisors disclosed taking a big stake in the regional bank.  ( 21 min )

(Bloomberg) -- AMC Entertainment Holdings Inc. common stock sank and its preferred shares rallied after investors approved a series of steps that the movie theater operator has said will help it raise cash and reduce debt.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB Fallout‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBonds R  ( 47 min )

“We need to learn something from that and take actions based upon the lessons learned," Alecta CEO Magnus Billing told Bloomberg on Tuesday.  ( 48 min )

AMC Entertainment Holdings Inc.’s shareholders have approved the company’s proposal to convert AMC Preferred Equity units into shares of common stock. In...  ( 20 min )

Higher interest rates, geopolitical unrest and increased regulation could all continue to drive a tough climate for companies, Meta CEO says.  ( 21 min )

These banks have had the best overall returns on assets through thick and thin.  ( 21 min )

'Mr Wonderful' claimed President Joe Biden nationalized the American banking system.  ( 49 min )

(Bloomberg) -- While all of the initial talk was about Silicon Valley Bank deposits and any potential impact for other banks around the globe, investors now have moved their attention to a much bigger potential contagion victim: the US economy.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stocks Steady as Fed Rate Path Eye  ( 48 min )

While some of the hardest-hit regional bank stocks are posting record one-day rallies, the gains look a bit less impressive when compared with the beating...  ( 20 min )

(Bloomberg) -- An acceleration in monthly core consumer prices seems likely to reinforce the Federal Reserve’ determination to raise interest rates to fight inflation, though the decision on next week’s move will be a tough call amid ongoing concern about financial turmoil.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stoc  ( 49 min )

HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), today announced that it had issued and sold approximately...  ( 47 min )

(Bloomberg) -- Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed Bin Salman revitalizes the country’s flag carrier and oversees the rise of a new international airline that seeks to rival Emirates and Qatar Airways. Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stocks Steady as Fed Rate Path Eye  ( 48 min )

Markets are in a state of flux right now, with heavy changes on the near horizon. The collapse of Silicon Valley Bank – and the Fed’s takeovers of it and the crypto-heavy Silvergate and Signature banks – have sparked fears of a new banking or financial crisis, as well as calls for the Federal Reserve to pare back on its policy of interest rate hikes and monetary tightening. The inflation numbers for February were in-line with expectations, with a monthly gain of 0.4% and an annualized rate of 6%  ( 51 min )

Investor Michael Burry said in a tweet late Monday that he expects the crisis surrounding the collapse of Silicon Valley Bank to be resolved "very quickly"...  ( 21 min )

I'm updating my view since they reported earnings last month.  ( 14 min )

The industrial company said the 34-year veteran will succeed current CEO Darius Adamczyk in June.  ( 25 min )

Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.  ( 46 min )

The bank was sitting on an unreallized loss of nearly $109 billion in a large bond portfolio at the end of 2022  ( 23 min )

First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.  ( 46 min )

(Bloomberg) -- Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next interest-rate decision.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Market  ( 49 min )

Bed Bath & Beyond Inc. has amended its equity offering deal that was announced last month. On Tuesday the home goods retailer announced that it is...  ( 20 min )

Analysts say a headset launch in the summer would be a prime candidate to “move the needle” on Apple stock.  ( 24 min )

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The failure of Silicon Valley Bank has had a widespread impact.  ( 48 min )

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Regional bank stocks rallied premarket after a sharp selloff in recent days.  ( 29 min )

Shareholders are scheduled to vote on measures that could drastically change the movie theater's ability to raise cash selling stock.  ( 24 min )

Boeing scores a key deal with Saudi Arabia.  ( 47 min )

Boeing scores a key deal with Saudi Arabia.  ( 47 min )

'Initial criticality' has been reached.  ( 48 min )

The bank’s management concluded that internal controls were ineffective, but said financial results for 2022 and previous years were unaffected by the finding.  ( 26 min )

The report had been delayed after the Securities and Exchange Commission raised questions about the bank's cash flow statements in 2019 and 2020. Shares are languishing near a record low.  ( 23 min )

(Bloomberg) -- Economist Nouriel Roubini has partnered with Goldman Sachs Group Inc. to launch the first in a suite of planned financial products that offer investors an alternative safe haven in a big market crash. Most Read from BloombergUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC Prompt‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutRussian Fight  ( 49 min )

The DevOps software maker missed guidance even as it prepares to increase the price of its premium offering.  ( 23 min )

The ratings agency has put six lenders on downgrade watch following the biggest bank failures since the 2008-09 financial crisis.  ( 24 min )

U.S. stock futures edged higher Tuesday morning ahead of critical inflation data, with regional bank stocks rallying, clawing back some of its losses in the wake of the SVB fallout.  ( 48 min )

Honeywell International Inc. has appointed 34-year company veteran Vimal Kapur to succeed Darius Adamczyk as CEO. Kapur will assume the company’s reins on...  ( 20 min )

Two Saudi Arabian airlines are on the verge of buying 80 Dreamliner jets from Boeing, according to The Wall Street Journal.  ( 24 min )

(Bloomberg) -- Lael Brainard, as a US Federal Reserve governor, repeatedly warned that efforts to deregulate banks were a recipe for disaster.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapGlobal Banking Stocks Hold Steady After $465 Billion SVB WipeoutUS Backstops Bank Deposits to Avert Crisis After SVB FailureHer counsel went unheed  ( 50 min )

Inflation showed signs of cooling in February after prices picked up to start the year, according to the latest data released Tuesday morning.  ( 46 min )

If you're considering going back to work, weigh the potential costs against your paycheck.  ( 20 min )

Former Treasury Secretary Larry Summers took to Twitter to opine on the collapse of SVB Financial. It didn't go well.  ( 20 min )

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High inflation and rising interest rates have had a positive impact on high-yield savings accounts.  ( 24 min )

First Republic trades higher after closing down nearly 62% on Monday, United Airlines issues a first-quarter profit warning, and a revenue forecast from software company GitLab misses analysts' expectations.  ( 24 min )

Citadel founder Ken Griffin told the Financial Times on Tuesday that the U.S. government’s rescue deal for Silicon Valley Bank from over the weekend is...  ( 20 min )

Banks are getting all the attention, but the SVB collapse shows that a host of asset classes are in the flood plain of the rising Fed rates.  ( 48 min )

This could be an opportunity for dividend investors.  ( 18 min )

The company said it would target two-thirds of the investment on the development of electric vehicles and new technology, with a particular focus on the expansion of its business in China and the U.S.  ( 25 min )

The week got off to a rocky start as the markets digested the collapse of Silicon Valley Bank last week, and the Federal regulators’ shutdown of Signature Bank over the weekend. Sparking fears of contagion, on Monday, stocks in the banking sector saw shares drop dramatically, as investors scrambled to figure out the new patterns of risk and reward. The effect was most pronounced among the mid-sized and regional banking firms. In that niche, sudden drops in share value prompted trading halts for  ( 48 min )

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."  ( 48 min )

Credit Suisse has identified “material weaknesses” in its reporting and controls procedures for the last two years in the latest blow to the scandal-hit lender.  ( 47 min )

(Bloomberg) -- Credit Suisse Group AG said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US regulators last week. Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutCredit Suisse Finds ‘Material Weakness’ in Reporting Since 2021US Backstops Bank Deposits to Avert Crisis After SVB FailureHow to Safely Store Deposits If You Have Mor  ( 49 min )

(Bloomberg) -- The US government’s emergency backstop of its financial system after Silicon Valley Bank’s collapse has earned praise from prominent names including Larry Summers and Bill Ackman.Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutCredit Suisse Finds ‘Material Weakness’ in Reporting Since 2021US Backstops Bank Deposits to Avert Crisis After SVB FailureHow to Safely Store Deposits If Yo  ( 48 min )

The Swiss lender had been due to release the report last week, but delayed the publication following a request from the SEC on how the bank recorded its cash...  ( 20 min )

(Bloomberg) -- Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank.Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutUS Backstops Bank Deposits to Avert Crisis After SVB FailureHow to Safely Store Deposits If You Have More Than $250  ( 47 min )

(Bloomberg) -- Back in early March, Akira Takei had been positioned for Treasury yields to drop and the curve to steepen — a bet that looked like a long shot. Not anymore.Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutUS Backstops Bank Deposits to Avert Crisis After SVB FailureGlobal Banking Stocks Hold Steady After $465 Billion SVB W  ( 47 min )

With inflation at 6.4%, many investors are looking for investments that can beat the rate of inflation. The Global X Super Dividend ETF (NYSEARCA:SDIV) not only helps investors beat inflation, but it more than doubles it with a massive dividend yield of 14.5%. SDIV also holds additional appeal to income-seeking investors because, unlike many other dividend stocks and ETFs, which pay dividends quarterly, this ETF pays a dividend each month. However, there are also some potential drawbacks that in  ( 49 min )

Bitcoin continued to gain in morning trading in Asia, as regulators acted to backstop the U.S. banking industry. Most of the top 10 cryptocurrencies gained.  ( 47 min )

In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around fractional reserves and liquidity coverage ratios (LCRs). And rightly so, because at bottom, these banks collapsed due to a lack of liquid assets. In sort, these banks did not have enough liquidity to cover severe funding outflows. The affected banks, especially SVB, were hit by a run – that is, dep  ( 48 min )

Nederland heeft vorig jaar 9 procent minder broeikasgassen uitgestoten dan in 2021. Dat heeft vooral te maken met de energiecrisis, die ervoor zorgde dat burgers en bedrijven minder aardgas gebruikten. Wel ging de uitstoot van de luchtvaart omhoog door groeiende passagiersaantallen.  ( 5 min )

Facebook-moederbedrijf Meta gaat nog eens tienduizend extra banen schrappen om kosten te besparen. De tweede ontslagronde komt boven op de reorganisatie die in november is aangekondigd. Toen schrapte het socialemediabedrijf elfduizend banen.  ( 3 min )

De waarde van de grootste cryptomunt is dinsdag voor de vierde dag op rij gestegen. Voor 1 bitcoin betaal je ruim 26.000 dollar (24.200 euro). Dat is de hoogste koers sinds juni vorig jaar.  ( 3 min )

Het personeel in het streekvervoer stopt na woensdag tijdelijk met staken. De stakingspauze duurt tot volgende week vrijdag. De vakbonden willen de nieuwe onderhandelingen met de werkgevers een kans geven.  ( 3 min )

Bij een stroomstoring valt bijna alles om ons heen uit, maar het mobiele netwerk kunnen we blijven gebruiken. Dat komt doordat de meeste zendmasten in mobiele netwerken met accu's zijn uitgerust. Je kan daardoor nog twee tot drie uur blijven bellen.  ( 4 min )

De zes bedrijven die de bagageafhandeling op Schiphol regelen moeten zo snel mogelijk meer hulpmiddelen inzetten voor medewerkers die zwaar sjouwwerk doen, laat de de Nederlandse Arbeidsinspectie weten. Bij alle bagageafhandelaars wordt te weinig gedaan om de fysieke belasting te verminderen.  ( 3 min )

Het aantal Nederlanders met een consumptief krediet, zoals koop op afbetaling of een krediet bij een creditcard, is vorig jaar gedaald naar 7,8 miljoen. In 2021 ging het nog om 8 miljoen mensen. Ook het aantal betalingsachterstanden bij leningen is gedaald, blijkt uit nieuwe cijfers van Stichting BKR.  ( 4 min )

Wat al een tijdje in de lucht hing, kwam vorige week definitief naar buiten: ASML mag sommige chipmachines niet meer aan China leveren. Daarmee is het grootste techbedrijf van Europa even het middelpunt van een mondiale ruzie tussen twee grootmachten. De komende tijd volgen waarschijnlijk meer landen, vooral uit Azië.  ( 5 min )

De Amerikaanse president Joe Biden geeft groen licht voor olieboringen in Alaska. Hierdoor mag energieconcern ConocoPhillips de komende jaren boren in het grootste stuk ongerepte natuur van de Verenigde Staten. Daarmee verbreekt Biden zijn verkiezingsbelofte om nieuwe olie- en gasprojecten niet meer toe te staan. Milieugroepen zijn boos en dreigen met rechtszaken.  ( 3 min )

Het aantal Nederlanders met een consumptief krediet, zoals koop op afbetaling of een krediet bij een creditcard, is vorig jaar gedaald naar 7,8 miljoen. In 2021 ging het nog om 8 miljoen mensen. Ook het aantal betalingsachterstanden bij leningen is gedaald, blijkt uit nieuwe cijfers van Stichting BKR.  ( 4 min )

Luchthaven Schiphol moet een deel van de dieselvoertuigen op het platform voor het einde van het jaar vervangen. Dat bevestigt de Nederlandse Arbeidsinspectie dinsdag na berichtgeving van Zembla. De ingreep is bedoeld om de gezondheid van platformmedewerkers te beschermen.  ( 4 min )

Wat al een tijdje in de lucht hing, kwam vorige week definitief naar buiten: ASML mag sommige chipmachines niet meer aan China leveren. Daarmee is het grootste techbedrijf van Europa even het middelpunt van een mondiale ruzie tussen twee grootmachten. De komende tijd volgen waarschijnlijk meer landen, vooral uit Azië.  ( 5 min )

Boze aandeelhouders van de omgevallen Silicon Valley Bank (SVB) zijn maandag naar de rechter gestapt. Zij verwijten het management dat het niet duidelijk genoeg is geweest over de risico's die het bedrijf liep door de hoge rentes van de laatste tijd. Ook is duidelijk geworden dat Nederlandse pensioenfondsen schade lijden door het faillissement, al gaat het om relatief kleine bedragen.  ( 5 min )

Het kabinet moet een reeks vergaande maatregelen nemen om de klimaatdoelen te halen, blijkt uit een groot beleidsonderzoek. De veestapel moet flink krimpen, de belastingen op fossiel energiegebruik moeten omhoog en in het vervoer moeten veel meer biobrandstoffen worden gebruikt.  ( 7 min )

Tot 2030 moeten er in ons land 900.000 woningen bij komen en provincies hebben daar een centrale rol in. Dit is dus een belangrijk thema bij de Provinciale Statenverkiezingen. Maar de regionale overheden zijn ook verantwoordelijk voor stikstofreductie en dat zit de woningbouw behoorlijk in de weg.  ( 7 min )

Dit jaar dalen de huizenprijzen met 4,2 procent, verwachten economen van de Rabobank. Wel denkt de bank dat de prijzen mede door onvoldoende nieuwbouw in 2024 niet veel verder zullen dalen.  ( 4 min )

De populariteit van vinyl is ook vorig jaar flink toegenomen. In totaal is in 2022 voor 37 miljoen euro aan lp's verkocht in Nederland. Dat is zo'n 8,6 miljoen euro meer dan in 2021, een stijging van 30 procent.  ( 3 min )

De boerenprotesten, de politieke partij voor boeren en de aandacht ervoor in de media; je zou haast denken dat Nederland een boerenland is. In oppervlakte is twee derde van het landoppervlak aan te duiden als boerenland. Het aantal boerenbedrijven halveert iedere 25 jaar, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

Ook vandaag rijden er door een staking minder treinen, trams en bussen in het streekvervoer. Vooral in de Achterhoek, het Vechtdal en Limburg is het openbaar vervoer beperkt door de staking. De vakbonden zijn bereid om met de werkgevers over een mogelijke stakingspauze te praten.  ( 4 min )

Rusland wil de deal met Oekraïne over graanexporten via de Zwarte Zee met 60 dagen verlengen, laat het Kremlin weten na overleg met de Verenigde Naties in het Zwitserse Genève. Oekraïne zou liever een verlenging van 120 dagen zien.  ( 3 min )

Rusland wil de deal met Oekraïne over graanexporten via de Zwarte Zee met 60 dagen verlengen, laat Moskou weten na overleg met de Verenigde Naties in het Zwitserse Genève. Oekraïne zou liever een verlenging van 120 dagen zien.  ( 3 min )

De Federal Reserve gaat een intern onderzoek doen naar haar toezicht op de Silicon Valley Bank (SVB) voordat deze omviel. Die gebeurtenissen vragen volgens Fed-voorzitter Jerome Powell namelijk om een "grondige, transparante en snelle herziening".  ( 3 min )

De boerenprotesten, de politieke partij voor boeren en de aandacht ervoor in de media; je zou haast denken dat Nederland een boerenland is. In oppervlakte is twee derde van het landoppervlak aan te duiden als boerenland. Het aantal boerenbedrijven halveert iedere 25 jaar, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

U.S. stocks opened the week with a mixed performance on March 13 as markets reacted to the government's moves to stabilize the banking sector.  ( 1 min )

Signature Bank, one of the biggest lenders to the crypto industry, was shut down by New York regulators Sunday in the third-largest bank failure in U.S. history, ranking behind only Silicon Valley Bank's shutdown on Friday and the collapse of Washington Mutual during the 2008 Financial Crisis.  ( 1 min )

First Republic Bank shares plunged 70% on Monday despite emergency measures from regulators aimed at halting SVB contagion.  ( 1 min )

U.S. bond yields fell by the most since the 2008 global financial crisis as worried investors sought safety after the failure of SVB and Signature  ( 1 min )

A rout in regional bank stocks has some money managers reassuring clients their money is safe.  ( 1 min )

Shares of Charles Schwab (SCHW) sank despite the discount brokerage's attempts to distance itself from the troubles in the banking sector.  ( 1 min )

Momentive Global Inc. the company that makes the survey platform SurveyMonkey, on Monday said it agreed to be acquired by a group led by Symphony Technology...  ( 20 min )

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Statements from the CFO, CEO, and Charles Schwab himself appear to be reversing Monday’s sharp selloff in the stock.  ( 23 min )

These are the stocks making moves after the bell.  ( 46 min )

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Tech stocks have had a rough time, but a few new developments could very well bring the entire industry back into the spotlight  ( 50 min )

“Consumers need to separate falling stock prices and volatile trading from their actual deposits in the bank,” explained Mark Neuman, financial advisor and CIO of Constrained Capital.  ( 48 min )

(Bloomberg) -- The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the Sept. 11 terror attacks. Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapUS Backstops Bank Deposits to Avert Crisis After SVB FailureBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutSignature Seized by Regulators as Pain Spreads From SVB’s FallFDIC Aucti  ( 49 min )

A coalition representing the Maine lobster industry is suing an aquarium on the other side of the country for recommending that seafood customers avoid buying a variety of lobster mostly harvested in their state. Industry groups including Maine Lobstermen’s Association are suing the Monterey Bay Aquarium in California for defamation, arguing in a lawsuit filed Monday that their prized catch shouldn't be on a “red list" published by Seafood Watch, a conservation program it operates. Last year, Seafood Watch put lobster from the U.S. and Canada on its list of seafood to avoid due to the threat posed to rare whales by entanglement in fishing gear used to harvest American lobster, the species that makes up most of the U.S. lobster market.  ( 48 min )

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Government regulators took the extraordinary step of making whole uninsured depositors at two failed banks, but savers shouldn't count on similar treatment in the future.  ( 24 min )

The bank was sitting on an unreallized loss of nearly $109 billion in a large bond portfolio at the end of 2022  ( 23 min )

Amazon told Barron's it is committed to Rivian and still plans to purchase 100,000 Rivian vans by 2030.  ( 24 min )

GitLab Inc. shares plummeted in the extended session Monday after the DevOps software company’s revenue forecast fell short of the Wall Street consensus.  ( 20 min )

Mizuho analyst James Lee reiterated Buy on Meta Platforms Inc (NASDAQ: META) with a $210 price target. Several major news outlets indicated that Meta could initiate another round of layoffs at a similar scale to the last round at 13% of employees. Reportedly, the focus of the restructuring is wearable-device units within the Metaverse division. At the same time, the company is reportedly shutting down its New Product Experiment Group, created in 2019. Meta would fold any new development efforts  ( 47 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 19 min )

In the wake of the failure of Silicon Valley Bank, investors will be closely monitoring February's upcoming inflation print as Wall Street debates the Federal Reserve's plans to raise interest rates later this month.  ( 48 min )

Western Alliance Bancorp said Monday it has taken extra steps to ensure liquidity following last week’s failure of SVB Financial’s Silicon Valley Bank....  ( 20 min )

State Street’s KRE, iShares' IAT plummeted amid bank closures, government scrambling.  ( 47 min )

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Evercore ISI analyst Vijay Kumar initiated coverage of the company with an Outperform rating and a target of $90 for the price.  ( 24 min )

When billionaires jump on the same trend, it’s important for investors to take notice. The pieces often don’t come together immediately, but these investors have millions of dollars in resources dedicated to getting the most up-to-date information as quickly as possible. They might see trends months in advance that others might not notice until it’s too late. Hedge fund manager George Soros is a polarizing figure, but you’d be foolish not to take notice of some of his investing trends. The Soros  ( 47 min )

Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.  ( 47 min )

Leaving these accounts open could tarnish your golden years.  ( 49 min )

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The economist also said that the Fed will likely now “retreat” on interest rate hikes.  ( 47 min )

SCHW sinks nearly 11% on Monday alone, but several experts agree: It's no Silicon Valley Bank.  ( 15 min )

SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.  ( 48 min )

Several PacWest Bancorp insiders bought the bank's stock late last week, as the bank tried to reassure investors in the wake of SVB's failure.  ( 20 min )

Itaú BBA analyst Thiago Alves Kapulskis recommends Apple and Microsoft 'to deleverage and reduce risks.'  ( 24 min )

Let the wagers begin.  ( 47 min )

The financial institution was closed by regulators on Sunday. A run on deposits catalyzed by nervousness over ties to the crypto industry is the likely cause.  ( 23 min )

(Bloomberg) -- Federal Reserve Chair Jerome Powell’s strategy to speed up the central bank’s inflation-fighting efforts is unraveling in the wake of Silicon Valley Bank’s collapse.Most Read from BloombergBonds Soar, Tech Up as Bets on Fed Pause Weighed: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks  ( 49 min )

The unexpected closure of Signature Bank over the weekend sparked a shoot-first-ask-questions-later mentality by investors as deposits flowed to biggest banks.  ( 21 min )

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(Bloomberg) -- The turmoil in regional banks sent First Horizon Corp. down as much as 33%, as analysts cast doubt on whether Toronto-Dominion Bank will follow through with its planned $13.4 billion takeover of the lender. Most Read from BloombergTreasuries Surge, Stocks Up on Bets for Fed Pause: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discuss  ( 47 min )

Regional bank stocks staged their deepest retreat in three years, reflecting deepening investor concern about the health of the industry.  ( 27 min )

Rivian Automotive's stock fell by over 3% Monday after news that the EV maker and Amazon are discussing the exclusivity part of their deal for electric vans.  ( 21 min )

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ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion. The company attributed the revenue decline primarily to a decrease in freight rates. Carried volume in Q4 was 823 thousand TEUs, a year-over-year decrease of 4%. EPS of $3.44 beat the consensus of $3.05. Adjusted EBIT margin was 27% compared to 61% a year ago, and Adjusted EBIT declined 72.3% Y/Y to $585 million for the quarte  ( 45 min )

Shares of East West Bancorp Inc. plummeted 23.2% in morning trading Monday, toward their second-biggest one-day selloff, in the wake of recent bank failures,...  ( 20 min )

Charles Schwab's stock fell as much as 23% on Monday, its biggest daily decline on record despite assurances the financial services company has enough liquidity.  ( 46 min )

Wall Street is weighing in on the Federal Reserve's next move after the collapse of California's Silicon Valley Bank, the second-largest bank failure in U.S. history.  ( 47 min )

Carl Icahn plans to nominate three people to Illumina's board, according to The Wall Street Journal.  ( 24 min )

Billionaire activist Carl Icahn is preparing a proxy fight at Illumina Inc (NASDAQ: ILMN), saying the company went ahead with the controversial acquisition of Grail Inc despite opposition from regulators, costing shareholders $50 billion. According to the letter viewed by Wall Street Journal, the activist plans to nominate three people to the company's board. Mr. Icahn accuses Illumina of overpaying for a business that made "exactly zero dollars in revenue," then closing the deal despite regulat  ( 46 min )

Shares of the broker, which is actually a savings and loan holding company, were down 19% Monday morning, following a 24% drop the previous week.  ( 21 min )

An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.  ( 48 min )

The stocks of 12 components, all banks, of the S&P 500 are down more than 10%, and five stocks are down more than 20%. The biggest decliners are shares of...  ( 23 min )

Maximizing your retirement savings is essential to a secure retirement, and a part of that is minimizing taxes on 401(k) withdrawals.  ( 20 min )

“JPMorgan epitomizes our theme of ‘Goliath is Winning’…in these less certain times,” Wells Fargo's Mike Mayo wrote as he upgraded the stock to Buy.  ( 23 min )

(Bloomberg) -- Charles Schwab Corp. rebounded from a record intraday decline after the online brokerage sought to reassure investors that it has sufficient liquidity to handle any volatility following the collapse of Silicon Valley Bank.Most Read from BloombergTreasuries Surge, Stocks Up on Bets for Fed Pause: Markets WrapFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as Pain Spreads From SVB’s FallFed’s New Backstop Shields Banks From $300 Billion of L  ( 47 min )

To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s Silicon Valley Bank and Signature Bank...  ( 23 min )

I sold half of my bank positions last week before news of the SVB collapse. This is my plan for them now.  ( 15 min )

Elon's juiciest Silicon Valley opportunity yet?  ( 48 min )

(Bloomberg) -- It was a seemingly unthinkable scene: Barney Frank, co-author of the Dodd-Frank Act, the radical overhaul of the banking system after the 2008 global financial crisis, was having his very own Dick Fuld moment.Most Read from BloombergStocks Steady as Traders Gauge End to Rate Hikes: Markets WrapFDIC Auction for Failed SVB Underway, Final Bids Due SundayFed’s New Backstop Shields Banks From $300 Billion of LossesSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discus  ( 47 min )

The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for...  ( 23 min )

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First Republic Bank stock down 73% amid fears of regional bank contagion  ( 47 min )

First Republic Bank stock down 73% amid fears of regional bank contagion  ( 47 min )

First Republic Bank stock down 65% amid fears of regional bank contagion  ( 47 min )

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Charles Schwab Corp. moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over...  ( 23 min )

Charles Schwab Corp. was lifted to buy from neutral on Monday by Citigroup analysts, who see a a “compelling entry point” from a 23% drop over two days....  ( 23 min )

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The largest chip-equipment maker in the world announces a 23.1% raise in its quarterly cash dividend.  ( 24 min )

Shares of Western Alliance Bancorp took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the...  ( 23 min )

Shares of Illumina Inc. were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy...  ( 22 min )

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(Bloomberg) -- When any entity in the global economy goes under, it’s traditional to blame policy tightening — and it’s no different following the collapse of Silicon Valley Bank.Most Read from BloombergTreasuries Surge, Stocks Up on Bets for Fed Pause: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks  ( 47 min )

Morgan Stanley analyst Dillon Cumming initiated coverage of the battery and fuel-cell truck maker'sstock with a Hold rating and a $3 price target.  ( 24 min )

The New York drugmaker would pay $229 a share in cash for the biotech company and its pioneering cancer treatments.  ( 27 min )

(Bloomberg) -- Morgan Stanley’s Michael Wilson, known for being one of Wall Street’s most bearish strategists, recommended that investors sell any rebound in US stocks that may result from regulators’ support measures after the collapse of Silicon Valley Bank.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayFed’s New Backstop Shields Banks From $300 Billion of LossesTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapSignature Seized by Regulators as  ( 47 min )

The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is at the low end of a range it previously provided.  ( 29 min )

On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks.  ( 26 min )

U.S. stock futures rose Monday morning ahead of the opening bell after federal banking regulators took aggressive actions over the failure of Silicon Valley Bank.  ( 48 min )

On Monday, Wolfe Research analyst Rod Lache downgraded shares of Tesla to Hold from Buy. It's the second downgrade in the past few days.  ( 24 min )

(Bloomberg) -- The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader contagion in the banking industry.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailFed’s New Backstop Shields Banks From $300 Billion of LossesTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapSignature Sei  ( 46 min )

Lender to wealthy Silicon Valley customers First Republic sees its stock take a dive as regional banks remain in focus after the demise of SVB and Silvergate.  ( 24 min )

Pfizer will spend $43 billion to buy Seagen and deepen its reach into treating cancer. The pharmaceutical giant said Monday that it will pay $229 in cash for each Seagen share. Bothell, Washington-based Seagen Inc. is a biotech drug developer that specializes in antibody-drug conjugate, or ADC, technology.  ( 48 min )

Pfizer Inc. plans to acquire cancer biotechnology company Seagen Inc. in a deal with a $43 billion enterprise value, the companies announced Monday morning....  ( 23 min )

You won’t even owe him a penny for his thoughts.  ( 49 min )

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Hercules Capital Inc. looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate...  ( 23 min )

5 simple steps to learning to live within your means.  ( 25 min )

The days of $100 oil may not be over.  ( 48 min )

Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.  ( 25 min )

First Republic shares are sinking Monday even as it received funding from JPMorgan Chase and the Federal Reserve, Provention Bio soars after agreeing to be acquired by France's Sanofi in a $2.9 billion deal, and Carl Icahn is a preparing a proxy fight at Illumina, a report says.  ( 24 min )

The biopharmaceutical company agrees to be acquired by France's Sanofi for $25 a share, or about $2.9 billion.  ( 24 min )

(Bloomberg) -- Oil fell as the fallout from the collapse of Silicon Valley Bank — the worst since the 2008 financial crisis — rippled across markets.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallFed’s New Backstop Shields Banks From $300 Billion of LossesBonds Surge, US Futures Erase Gains on SVB Fallout: Market WrapUS authorities are rushing  ( 48 min )

Get up to speed on the second largest bank failure in the U.S.  ( 50 min )

(Bloomberg) -- Eight years ago, Greg Becker delivered a blunt message to lawmakers in Washington: the bank he ran was not like Wall Street.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallFed’s New Backstop Shields Banks From $300 Billion of LossesBonds Surge, US Futures Erase Gains on SVB Fallout: Market WrapAs chief executive officer of SVB Fi  ( 51 min )

First Republic Bank shares fell 60% after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial, even as federal regulators stepped...  ( 22 min )

(Bloomberg) -- Chinese stocks rallied on Monday, outperforming the broader Asian market as traders bet on policy continuity after news that China’s economic leadership team would retain several familiar faces.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallFed’s New Backstop Shields Banks From $300 Billion of LossesBonds Surge, US Futures Erase  ( 49 min )

(Bloomberg) -- The overnight action by American regulators to steady the financial system was set to boost US stocks on Monday, but some pockets of the market signaled that fallout from the incident is far from over.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallFed’s New Backstop Shields Banks From $300 Billion of LossesUS Plans Emergency Mea  ( 48 min )

Credit Suisse shares on Monday reached a new record low, falling as much as 9% as investors continued to hammer away at the stock of the Swiss banking giant...  ( 23 min )

European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank...  ( 22 min )

The collapse of Silicon Valley Bank on Friday leaves Americans with lots of questions. Weren't bank regulations designed to prevent an event like this? Where were the regulators?  ( 49 min )

French pharmaceutical group Sanofi said Monday that it will buy Provention Bio, Inc., a U.S.-based biopharmaceutical company focused on autoimmune diseases,...  ( 22 min )

(Bloomberg) -- The failure of Silicon Valley Bank and the government rescue of its depositors are ripping through market bets on everything from the economy to the US interest-rate outlook. Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Plans Emergency Measures to Backstop Banks After SVBUS Backstops Bank Deposits to Avert Crisis After SVB  ( 49 min )

(Bloomberg) -- Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Backstops Bank Deposits to Avert Crisis After SVB CollapseUS Plans Em  ( 48 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

SVB's collapse has triggered a historic reframing of depression-era deposit insurance.  ( 47 min )

Bitcoin and Ether led a rebound in cryptocurrencies in Asia morning trading as U.S. regulators backstopped banks with ties to the crypto industry.  ( 47 min )

(Bloomberg) -- As US government officials pledged to fully protect all depositors of the failed Silicon Valley Bank, they had a specific message for investors in the bonds and shares of the bank’s holding company.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Closed by Regulators as Pain From SVB Seizure SpreadsUS Plans Emergency Measures to Backstop Banks After SVBUS Backstops Bank Deposits to  ( 48 min )

(Bloomberg) -- Less than a week after Federal Reserve Chair Jerome Powell opened the door to a re-acceleration in the pace of interest-rate hikes, traders slammed it shut again amid the sudden eruption of financial strains at the US regional bank level.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Closed by Regulators as Pain From SVB Seizure SpreadsUS Plans Emergency Measures to Backstop Bank  ( 49 min )

(Bloomberg) -- In the hours leading up to Silicon Valley Bank’s collapse, a slew of startups tried to withdraw their cash. Those that couldn’t turned to a last-ditch option: parking it in third-party money-market funds offered through the lender.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Closed by Regulators as Pain From SVB Seizure SpreadsUS Plans Emergency Measures to Backstop Banks After  ( 48 min )

(Bloomberg) -- US 10-year Treasury yields may snap back up to 4% as government efforts to quash contagion risks from the collapse of Silicon Valley Bank damp demand for haven assets. Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSignature Closed by Regulators as Pain From SVB Seizure SpreadsUS Plans Emergency Measures to Backstop Banks After SVBUS Backstops Bank Deposits to Avert Crisis After SVB Collap  ( 46 min )

With a resoluteness befitting a response to the threat of an all-out banking crisis, US banking regulators issued a joint statement on the evening of March 12, declaring that all depositors in the failed Silicon Valley Bank (SVB) will have full access to their funds starting March 13.  ( 48 min )

(Bloomberg) -- US stock futures rallied more than 1% and the dollar slid versus major peers Monday as traders digested the steps taken by regulators to shore up the American financial sector in the wake of Silicon Valley Bank’s failure.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeUS Plans Emergency Measures to Backstop Banks After SVBUS Says All  ( 48 min )

First Republic Bank said Sunday it had bolstered its financial position through "additional liquidity" from the Federal Reserve and JPMorgan Chase & Co.  ( 22 min )

Last week ended with the worst day for bank stocks since the financial crisis of 2008. The collapse of Silicon Valley Bank, the country’s 16th largest banking firm and the lender of first resort for the start-ups of California’s tech world, has sparked fears of a larger bank run, or even a repeat of the systemic financial troubles. That’s the worst-case worries – but according to Goldman Sachs’ chief credit strategist, Lotfi Karoui, these fears may be overblown. “We think the risk of contagion f  ( 49 min )

Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world. Japan's benchmark Nikkei 225 slipped 1.8% to 27,643.59 in morning trading. Before trading began in Asia, the U.S. Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected and have access to their funds and announced steps designed to protect the bank’s customers and prevent more bank runs.  ( 48 min )

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The fresh funding gives the bank, which was under pressure following the collapse of Silicon Valley Bank last week, $70 billion in unused liquidity.  ( 25 min )

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(Bloomberg) -- The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the industry becomes ever more cut off from the banking system.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeUS Plans Emergency Measures to Backstop Banks After SVBFDIC Races to Return Som  ( 48 min )

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Maxing out a 401(k) is not ideal for everyone. If you have limited investment choices or a tight cash flow, you may not want to max out a 401(k). Here’s what to do.  ( 16 min )

Contribution limits for IRAs, 401(k)s, and other plans can change from year to year due to cost-of-living adjustments. Here are the changes for 2022.  ( 17 min )

The top rate increased in three of the most popular CD terms this week, while holding steady in the other terms.  ( 13 min )

Reservable deposits, like transaction accounts, savings accounts, and non-personal time deposits, are subject to Federal Reserve reserve requirements.  ( 16 min )

Shares of Charles Schwab (SCHW) sank despite the discount brokerage's attempts to distance itself from the troubles in the banking sector.  ( 10 min )

Charles Schwab and Vanguard are both huge financial firms that have a fundamentally different approach to online investing.  ( 17 min )

U.S. stocks opened the week with a mixed performance on March 13 as markets reacted to the government's moves to stabilize the banking sector.  ( 12 min )

The Federal Deposit Insurance Corp. is an independent government agency that protects you against loss of deposit, up to a certain amount, if your bank goes under.  ( 16 min )

There can be significant tax advantages to taking withdrawals from one retirement account over another.  ( 18 min )

Specialty CDs offer features such as the ability to add to the principal or avoid early withdrawal fees. Some options offer more flexibility, but may have lower rates than standard CDs.  ( 16 min )

Tier 1 capital is used to describe the capital adequacy of a bank and refers to its core capital, including equity capital and disclosed reserves.  ( 17 min )

A qualified distribution is a withdrawal that is made from an eligible retirement account and accords with IRS rules for such withdrawals.  ( 17 min )

You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.  ( 17 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 19 min )

Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.  ( 15 min )

Securitization involves taking a group of income-producing assets and turning them into one investable security.  ( 20 min )

A rout in regional bank stocks has some money managers reassuring clients their money is safe.  ( 11 min )

Officials at the Federal Reserve seemed intent on raising interest rates—the recent chaos in the banking system has called that into question.  ( 14 min )

Reserve requirements refer to the amount of cash that banks must hold in reserve against deposits made by their customers.  ( 17 min )

Christopher Whalen, Chairman of Whalen Global Advisors and author of the Institutional Risk Analyst newsletter, joins the show to explain how SVB's mismanagement and the Fed's lack of awareness on the impact of rising interest rates brought down the 40-year financial institution. We also look into the overall health of the nation's banks amid these rising rates, and the prognosis isn't great. Also, commodity prices have come off their highs and could finally lead headline inflation lower.  ( 12 min )

U.S. bond yields fell by the most since the 2008 global financial crisis as worried investors sought safety after the failure of SVB and Signature  ( 14 min )

This week’s cryptocurrencies to keep an eye on are Kava (KAVA), UNUS SED LEO (LEO), Aptos (APT), BNB (BNB), and Pax Gold (PAXG).  ( 13 min )

Investments are expected to produce income or profit. They can be broken down into three basic groups: ownership, lending, and cash equivalents.  ( 19 min )

Deal will depend on U.S. antitrust review  ( 11 min )

First Republic Bank shares plunged 70% on Monday despite emergency measures from regulators aimed at halting SVB contagion.  ( 11 min )

Signature Bank, one of the biggest lenders to the crypto industry, was shut down by New York regulators Sunday in the third-largest bank failure in U.S. history, ranking behind only Silicon Valley Bank's shutdown on Friday and the collapse of Washington Mutual during the 2008 Financial Crisis.  ( 11 min )

Continuing claims refers to the number of people who have already filed an initial claim and are still filing for unemployment benefits.  ( 14 min )

An overdraft occurs when there isn't enough money in an account for a transaction or withdrawal, but the bank covers the transaction anyway.  ( 17 min )

Bing's user growth surged growth after Microsoft invested in OpenAI, though it remains far behind Google search.  ( 11 min )

An NSF fee or non-sufficient funds fee is incurred when a bank account does not have enough money to cover a payment.  ( 19 min )

An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job.  ( 18 min )

Maximizing your retirement savings is essential to a secure retirement, and a part of that is minimizing taxes on 401(k) withdrawals.  ( 19 min )

Your student loans are assigned to a servicer. Here's what you should know about working with your loan servicer's customer service department.  ( 17 min )

Learn the basic structure of a 401(k) and why it may not be enough to sustain you during retirement.  ( 19 min )

Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.  ( 22 min )

News of the day for March 13, 2023  ( 11 min )

A portion of Social Security benefits are subject to taxation, and they can affect your tax bracket as part of ordinary income.  ( 17 min )

The reserves-to-production ratio is an estimate of the amount of a natural resource that remains available based on current production rates.  ( 16 min )

When a consumer does not pay a bill on time, they may be subject to a late fee. How late fees work and how to avoid them.  ( 17 min )

Teach your children how to save to meet their spending and saving goals.  ( 17 min )

Federal regulators announced emergency measures to halt contagion from the collapse of Silicon Valley Bank; customers to have access to their money without taxpayer help.  ( 14 min )

You can use a certificate of deposit (CD) to save for short-term goals or to invest risk-free for the long term. Here are the pros and cons.  ( 16 min )

A distress price is when a company chooses to mark down the price of an item or service instead of discontinuing the product in question altogether.  ( 13 min )

Teacher liability insurance should be affordable, comprehensive, and easy to access. Find out the coverages you need and who some of the best providers are.  ( 16 min )

In finance, the term “anticipated interest” refers to the total interest payments expected to be earned over the life of an investment.  ( 13 min )

Rivieren en andere 'watersystemen' moeten centraal komen te staan in keuzes over grote landschappelijke investeringen. Dat schrijft het Planbureau voor de Leefomgeving (PBL) dinsdag in een nieuw rapport. Die aanbeveling is niet specifiek bedoeld voor Nederland, maar voor álle rivierdelta's en kustgebieden ter wereld. Die staan steeds meer onder druk door klimaatverandering en menselijk watergebruik.  ( 5 min )

De Federal Reserve gaat een intern onderzoek doen naar haar toezicht op de Silicon Valley Bank (SVB) voordat deze omviel. Die gebeurtenissen vragen volgens Fed-voorzitter Jerome Powell namelijk om een "grondige, transparante en snelle herziening".  ( 3 min )

Telecombedrijven durven niet de volledige inflatierekening bij klanten te leggen, uit angst dat ze weglopen. Ziggo kondigde vorige week een prijsverhoging van 8,5 procent aan. Dat is een flinke stijging, maar nog altijd minder dan de inflatie van 10 procent. KPN deed eind vorig jaar iets soortgelijks.  ( 3 min )

De 340.000 werknemers voor wie afgelopen maand een nieuwe cao is afgesloten, krijgen er gemiddeld 7 procent salaris bij. Dat is voor deze eeuw een nieuw record, meldt werkgeversorganisatie AWVN.  ( 3 min )

De Silicon Valley Bank (SVB) is door de autoriteiten in de Amerikaanse staat Californië gesloten. Het faillissement zorgt voor veel onrust op de financiële markten. "Het risico is dat er een domino-effect ontstaat", zegt Koen Bender van Mercurius Vermogensbeheer.  ( 6 min )

De in Londen gevestigde bank HSBC neemt het Britse deel van de omgevallen Silicon Valley Bank (SVB) over. Dat meldt de Britse regering, die hoopt dat hiermee de schade van het faillissement van de Amerikaanse bank beperkt blijft.  ( 5 min )

Basic-Fit vaart wel bij een nieuw type lidmaatschap dat de keten van fitnesscentra sporters aanbiedt. Om de stijgende kosten het hoofd te bieden, heeft het Nederlandse bedrijf het zogenoemde Comfort-lidmaatschap voor 24,99 euro geïntroduceerd.  ( 3 min )

277 bedrijven gingen vorige maand op de fles. Dat is het grootste aantal faillissementen sinds medio 2020, blijkt uit cijfers van statistiekbureau CBS. Met name in de horeca gingen relatief veel bedrijven kopje-onder.  ( 3 min )

Tot 2030 moeten er in ons land 900.000 woningen bij komen en provincies hebben daar een centrale rol in. Dit is dus een belangrijk thema bij de Provinciale Statenverkiezingen. Maar de regionale overheden zijn ook verantwoordelijk voor stikstofreductie en dat zit de woningbouw behoorlijk in de weg.  ( 6 min )

Het Nederlandse Pharming heeft 45 miljoen dollar (ruim 42 miljoen euro) op een rekening bij de failliet verklaarde Silicon Valley Bank (SVB) staan. Dat is ongeveer een kwart van al het geld dat het Leidse biotechbedrijf in kas heeft.  ( 3 min )

De helft van het personeel in de ziekenhuizen vindt de werkdruk te hoog, blijkt uit een een meting van statistiekbureau CBS in 2022. Dat aandeel is zelfs hoger dan in de twee voorgaande coronajaren. Het is een van de redenen dat donderdag in 64 ziekenhuizen gestaakt wordt. Alleen spoedzorg wordt nog verleend.  ( 5 min )

Tot 2030 moeten er in ons land 900.000 woningen bij komen en provincies hebben daar een centrale rol in. Dit is dus een belangrijk thema bij de Provinciale Statenverkiezingen. Maar de regionale overheden zijn ook verantwoordelijk voor stikstofreductie en dat zit de woningbouw behoorlijk in de weg.  ( 6 min )

(Bloomberg) -- US authorities raced on Sunday to stem jitters about the health of the nation’s financial system, pledging to fully protect all depositors’ money following the collapse of Silicon Valley Bank while also giving any banks squeezed for cash easier terms on short-term loans.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeUS Plans Emergenc  ( 49 min )

(Bloomberg) -- Signature Bank was closed by New York state financial regulators on Sunday as the fallout from last week’s implosion of SVB Financial Group’s Silicon Valley Bank spreads to other lenders.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeUS Plans Emergency Measures to Backstop Banks After SVBFDIC Races to Return Some Uninsured SVB Deposi  ( 48 min )

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.  ( 48 min )

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Full text of U.S. financial regulators' statement on Silicon Valley Bank and Signature Bank.  ( 24 min )

Silicon Valley Bank depositors will be made whole and have access to their money starting Monday morning, according to a statement from the Treasury, Fed, and FDIC on Sunday.  ( 47 min )

State authorities closed Signature Bank Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008...  ( 22 min )

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